Problema bond that returns 4 annually and matures in 6, Ask an Expert

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A bond that returns 4% annually and matures in 6 years. If you purchased the bond during the IPO at par, and similar bonds in today's market are returning only 3% annually, what is the total yield of the investment? Explain in detail and provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147018

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