What rate of return would she have earned for the past year

Assignment Help Financial Management

Reference no: EM131584101

Last year, Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.19%. If Joan sold the bond today for $1,007.52, what rate of return would she have earned for the past year? Round your answer to two decimal places.

Reference no: EM131584101

Questions Cloud

Discuss the price of the book : Let A be the set of books for sale in a certain university bookstore and assume that among these are books with the following properties.

Calculate the linear speed of the conveyor belt : Calculate the linear speed of the conveyor belt - Determine the angular velocity in rad/s and in rpm.

Explain how likely are you to engage in earnings management : Assuming that you are in a position to make corporate financial decisions, explain how likely are you to engage in earnings management and why?

Do you think sales tax should collect on internet purchases : Do you think sales tax should be collected on Internet purchases? Why, or why not? What might positive and/or negative aspects be if such a tax was implemented?

What rate of return would she have earned for the past year : what rate of return would she have earned for the past year?

Estimate the company net profit : The company’s net profit margin was 5% in 2008, and is expected to increase to 8% ??by 2011. Estimate the company’s net profit for 2011.

Compute jaedans debt and profitability ratios : Calculate Jaedan's free cash flow. Calculate Jaedan's liquidity. Compute Jaedan's debt and profitability ratios. Calculate Jaedan's market ratios.

What is addition to retained earnings : What is the addition to retained earnings?

Determine the point where the particle will hit the xy-plane : If a particle moving along a curved track (like a roller coaster) flies off the track, it continues in the direction of the tangent vector at the point.

User Account

All Pages