A corporate bond with $1000 maturity value carries a 7.5% coupon rate. It currently makes interest payments semi-annually. (i) This 12-year bond currently sells for $961.88. What is the rate of return on this bond? (ii) If the bond sold for $1,030.32, what is the rate of return on this bond? Read answer

A corporate bond with $1000 maturity value carries a 7.5% coupon rate. It currently makes interest payments semi-annually. (i) This 12-year bond currently sells for $961.88. What is the rate of return on this bond? (ii) If the bond sold for $1,030.32, what is the rate of return on this bond?
Read answer

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