Question:you
own a bond that has a par value of $1000 and it matures in 15...
Question
you
own a bond that has a par value of $1000 and it matures in 15...
you
own a bond that has a par value of $1000 and it matures in 15 years
it pays annual coupon rate of 12% coupon currently sells for $925
what is the bonds expected rate of return