You hold the bond to maturity but you do not reinvest any


You buy a bond with a $1,000 par value today for a price of $85. The bond has 6 years to maturity and makes annual coupon payments of S5 per year. You hold the bond to maturity, but you do not reinvest any of your coupons What was your effective EAR over the holding period?

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Financial Management: You hold the bond to maturity but you do not reinvest any
Reference No:- TGS02866512

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