Bond Returns Assignment | Homework For You
May 25th, 2020
Bond returns
Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.86%. If Joan sold the bond today for $1,106.83, what rate of return would she have earned for the past year? Round your answer to two decimal places. Get Finance homework help today

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