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Question
In January, you purchased a 14% semi-annual coupon bond ($1,0000 par) that had a remaining maturity of five years for $827.95. Six months later, immediately following an interest payment, you sold the bond. At the time of the sale, interest rates were 10%. What was your return?a. 7.1%
b. 38.2%
c. 46.4%
d. 146.4%
e. 296.3%
Answer
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Related questions
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