Solved: The coupon rate was 65 percent with interest paid, Finance Basics

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The coupon rate was 65 percent with interest paid

1. Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16. The coupon rate was 6.5 percent with interest paid semiannually. Today, you sold that bond for $1,089.54. What was your rate of return for the 3-year period, or holding period yield, on this investment?

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Finance Basics: The coupon rate was 65 percent with interest paid

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Finance Basics: The coupon rate was 65 percent with interest paid

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