Can you help with this Business Finance homework?

Homework help business finance?

  • Three years ago, you bought a 12% bond that had 7 years to maturity and a yield to maturity of 12%. Today (right after the 6th semi-annual interest payment), you sold the bond when it is yielding 9%. What is your annual rate of return for the three year period? All coupon payments are semi-annual, and the par value is $1,000.

  • Answer:

    just rubb the exp: date off the coupon

Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

just rubb the exp: date off the coupon

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.