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?
1
Expert's answer
2021-10-11T10:49:55-0400

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

Approximately 2.45 %


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