Answers by visitors named: Stew

Sorry, inexcusable mistake. 7 Joules of work, 2.1 cm, and 3.7 cm

.61% is correct. The ultimate equation used to calculate the holding period return is (ending price-beginning price+coupon)/ beginning price. So with the original scenario: FV=1000 N=8 PMT=60 I/Y=6 PV=???=-1000 Since the YTM changes to 7, we need to chang...