You paid 958 for a 1000 par 10-year bond with a 7 coupon, Ask an Expert

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You paid $958 for a $1,000 par, 10-year bond with a 7% coupon rate and annual payments. You are selling it today, after receiving 3 coupon payments, for $1084. You reinvested coupons at the 6.9% annual rate. What is your total return? (Report your answer to two decimals, without the % symbol. E.g., if your answer is 5.1538%, enter it as 5.15.) Please show your work.

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Financial Management, Finance

Category:- Financial Management
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