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Finance Assignment | Top Essay Writing

Two years ago, the price of a bond was 1,031.22 dollars, and one year ago, the price of the bond was 1,095.83 dollars. Over the past year, the bond paid a total of 66.9 dollars in coupon payments, which were just paid.
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If the bond is currently priced at 1,077.48 dollars then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond is 1,000 dollars. Answer as a rate in a decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098. Get Finance homework help today

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