What is your total return for the year

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Problem

Total rate of return You buy a 10-year bond at par ($1,000) that pays $30 in interest once a year. You hold the bond for one year and collect the first coupon pay-ment. By that time, the market's required return on the bond has risen from 3% to 4%, so the bond's price is $925.65. Get the instant assignment help. What is your total return for the year?

Reference no: EM133910102

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