Two years ago bob purchased a 20 year 1000 par value, Financial Management

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Two years ago bob purchased a 20 year 1000 par value

Two years ago, Bob purchased a 20 year $1,000 par value zero-coupon bond for $311.80. If today (with 18 years to maturity) the bond is priced to yield at 4.75%, what is his annualized return if he sells the bond. Please round your answer 2 decimal places.

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Financial Management: Two years ago bob purchased a 20 year 1000 par value

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Financial Management: Two years ago bob purchased a 20 year 1000 par value

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