Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You just paid $980.30 for an 8% (annual) coupon bond with a Face Value of $1,000 that
matures in 5 years. You plan to hold the bond only for 1-year. If you want to earn a 9% rate of
return on this investment, what price must you sell the bond for? Is this realistic?
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Transcribed Image Text:You just paid $980.30 for an 8% (annual) coupon bond with a Face Value of $1,000 that matures in 5 years. You plan to hold the bond only for 1-year. If you want to earn a 9% rate of return on this investment, what price must you sell the bond for? Is this realistic?
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