Question
In: Finance
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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Expert Solution
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As nothing was mentioned excel is used.
ANSWER : D: 16.30%
jeff jeffy answered 1 year agoRelated Solutions
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