Answer to Question #248984 in Macroeconomics for Charlie

Question #248984

an investor purchased a bond 63 days ago for $980 . He received $17 in interest and sold the bond for $987. What is the holding-period return on his investment?

Expert's answer

HPR = "(17 + 987 - 980)\/980 = .0244898"

Approximately 2.45 %

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