A large fashion retailer recently issue $1.3 billion in bond…
A large fashion retailer recently issue $1.3 billion in bonds to help repay funds it had previously borrowed. When the bonds were sold, an enterprising investor purchased a 10-year, $10,000 bond at face value with a coupon rate of 8% per year, payable quarterly. How much money will the investor receive 3 months after purchasing the bond? $[a] (round to zero decimal places) The investor plans to hold the bond to maturity. What annual rate of return will they realize? [b]% (round to two decimal places)
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