Bond price for a 20 year mining and manufacturing bond is, Financial Management

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Bond price for a 20 year mining and manufacturing bond is

Bond price for a 20 year Mining and manufacturing bond is selling for $875.28. Bond pays semi-annual coupon of $20 and has par value of 1,000. You only want to hold the bond for 5 years at which you believe you can sell the bond to yield 6%. What is the total return on your horizon if you can reinvest all coupons at 5.5%.

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Financial Management: Bond price for a 20 year mining and manufacturing bond is

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