If joan sold the bond today for 106049 what rate of return


Last year Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.79%. If Joan sold the bond today for $1,060.49, what rate of return would she earned for the passed year?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: If joan sold the bond today for 106049 what rate of return
Reference No:- TGS0637915

Expected delivery within 24 Hours