What price must you sell the bond for

Reference no: EM132027276

Question: You have paid $990 for an 9% coupon bond with a face value of $1,000 that matures in five years. You plan on holding the bond for one year. If you want to earn a 10% rate of return on this investment, what price must you sell the bond for? Is this realistic?

Reference no: EM132027276

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