Answer to Question #57960 in Finance for abdiaziz
interest payments semi-annually.
If this 12-year bond currently sells for RM961.88, then the rate of return on this
bond is: Rate of return = (C + P1 - P0)/P0 = (1,000*0.075/2*24 + 961.88 - 1,000)/1,000 = 86.2%
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!