The bond currently has 15 years until maturity and has a


Rudy purchased a 6.5 coupon rate bond one year ago for its face value of $1,000He bought the bond just after the coupon date. Yesterday the bond paid its annual coupon. The bond currently has 15 years until maturity and has a yield to maturity of 7.90 If Rudy sells the bond? today, then what is his percentage return for the last? year?

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Financial Management: The bond currently has 15 years until maturity and has a
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