Unformatted text preview: for my bond on that date if the purchaser wanted a return of 13.79% per year? 3. Let’s say I decided not to sell my bond on July 2, 1974 after all. Instead, I waited until July 2, 1979 and sold my bond for $913.75. What was my return on investment over the 12 years that I owned the bond? 4. The Arkansas State Development Finance Authority is currently raising money to build a cancer research center by selling zero-coupon municipal bonds. The bonds have a face value of $100 and mature in July 2029. Yesterday, I could purchase them for $43.44 each. What is the yield to maturity for these bonds? (Note, for our purposes, July 2029 is 17¾ years from now)....
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- Fall '08
- $100, $43.44, Arkansas State Development Finance Authority