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hyper101
Oct 28, 2008, 08:38 AM
if someone purchases 20 units of a bond at par and sells it in 8 years what is the rate of return if the YTM at the time is 5%
Assumption:face value =1000 and compounded semi-annually
Additional Information: Bond had a 20 year maturity date and had a 6% YTM when bought

Any help would be appreciated