What was the annual rate of return on given bond

Reference no: EM132062770

Question: You purchased a newly issued 25-year $1000 par value bond with a 7% annual coupon rate, and a YTM = 6.20%. You sell the bond 5 years later when the YTM, is at 7%. What was your annual rate of return (IRR) on this bond over your 5-year holding period? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132062770

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