What is the rate of return for an investor who pays $979.21 for a three year bond with a 6.5% coupon paid annually and a face value of $1,000 and sells the bond one year later for $989? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below. Enter your answer to 2 DECIMAL PLACES

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04-06-2024
Business

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What is the rate of return for an investor who pays $979.21 for a three year bond with a 6.5% coupon paid annually and a face value of $1,000 and sells the bond one year later for $989? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below. Enter your answer to 2 DECIMAL PLACES

Sagot :

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