Joe morgan bought a coca-cola bond three years ago for, Ask an Expert

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Joe Morgan bought a Coca-Cola bond three years ago for $975.50. Over the past three years, the bond paid a 9.00% annual coupon (Assume $1,000 face value). Today, Joe sold the bond for $1,008.13.

Calculate his realized yield or annual return for holding the bond over the past three years.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92726359

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