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A bond has a face value of $10000 and pays an annual coupon rate of 5.8%. The bond is selling for $9790 now and is expec
Posted: Tue Nov 16, 2021 8:18 am
by answerhappygod
- A Bond Has A Face Value Of 10000 And Pays An Annual Coupon Rate Of 5 8 The Bond Is Selling For 9790 Now And Is Expec 1 (17.56 KiB) Viewed 103 times
A bond has a face value of $10000 and pays an annual coupon rate of 5.8%. The bond is selling for $9790 now and is expected to be sold for $10310 one year from now. What is the bond's expected rate of return? Answer: % (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES.)