1.               Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16.  The coupon rate was 6.5 percent…

 

1.               Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16.  The coupon rate was 6.5 percent with interest paid semiannually. Today, you sold that bond for $1,089.54. What was your rate of return for the 3-year period, or holding period yield, on this investment?

 

  • February 24, 2018