Business, 27.03.2020 02:57 hayleylaw2018

Last year, Jean purchased a $1,000 face value corporate bond with an 11.3 percent annual coupon rate and a 18-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.9 percent. If Jean sold the bond today for $901.59, what rate of return would she have earned for the past year?

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Last year, Jean purchased a $1,000 face value corporate bond with an 11.3 percent annual coupon rate...

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