The bond sells for 1074 today assuming a 1000 face value


Suppose you bought an 8% coupon bond one year ago for $1,200. The bond sells for $1,074 today. Assuming a $1,000 face value, what was your total rate of return on this investment over the past year?

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Finance Basics: The bond sells for 1074 today assuming a 1000 face value
Reference No:- TGS02891304

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