He bought the bond just after the coupon date

Assignment Help Financial Management

Reference no: EM131878277

Rudy purchased a 7?% coupon rate bond one year ago for its face value of $1,000. He bought the bond just after the coupon date. Yesterday the bond paid its annual coupon. The bond currently has 15 years until maturity and has a yield to maturity of 9.23?%. If Rudy sells the bond? today, then what is his percentage return for the last? year? ?Rudy's percentage return for the last year is __?%. (Round to two decimal? places.)

Reference no: EM131878277

Questions Cloud

The bond pays annual coupons and the next coupon : The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the? bond?

Percentage change in price for zero coupon bond : What is the percentage change in price for a zero coupon bond if the yield changes from 8.5?% to 7.5?%?

Decide to sell the euro futures to hedge the currency risk : You decide to sell the euro futures to hedge the currency risk. What’s the gain on the futures contract?

Assumptions are being made by the EOQ model : What questionable assumptions are being made by the EOQ model?

He bought the bond just after the coupon date : Rudy purchased a 7?% coupon rate bond one year ago for its face value of $1,000. He bought the bond just after the coupon date.

The annualized interest rate on three year security : Assume that as of today the annualized interest rate on a three year security is 8%, while the annualized interest rate on a two year security is 6%.

Required return on stock-what is the current share price : If the required return on this stock is 12.5 percent, what is the current share price?

With each subsequent payment decreased : An annuity-immediate paying X at the end of first year, with each subsequent payment decreased by 60 for 30 years, has a present value of 31,300. If i=0.6%,

The loan balance begin to exceed the house value : No payments are made thereafter. How many years from loan closing will the loan balance begin to exceed the house value?

User Account

All Pages