Then on december 1 2013 you sold the bond when the market


Suppose that you bought a 9% annual coupon bond on December 1, 2012 for $1130.29. The bond's maturity was December 1, 2017. Then on December 1, 2013, you sold the bond when the market rate of interest was 6.0%. What's the total dollar return and the percentage return on your initial investment?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Then on december 1 2013 you sold the bond when the market
Reference No:- TGS0606093

Expected delivery within 24 Hours