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Bond Assignment | Homework For You

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December 5th, 2019

(15 points) A $1,000 bond has a coupon rate of 5% with semi-annual coupon payments and a 10-years maturity date. Mary bought the bond 4 years ago. John would like to buy the bond from Mary at the price $995 and keep it until maturity.  What is the return on investment (annual yield) to John? Get Economics homework help today

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