You purchased a bond last year that pays an 8% annual coupon with a face value...

You purchased a bond last year that pays an 8% annual coupon with a face value of $1,000. At the time of purchase, the bond had a yield to maturity of 10% and had 10 years until maturity. Today, the bond trades at a yield to maturity of 9%. What was the percentage return of this investment over the last year? (20 pts)

a.	8.00%
b.	9.00%
c.	15.21%
d.	16.30%

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As nothing was mentioned excel is used.

ANSWER : D: 16.30%

jeff jeffy answered 7 months ago

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