Let’s imagine you hold a bond and keep it until it matures, you can use the following formula
Profit=(FV−PP)+(AnnualCouponPayment ×Number of years to maturity)
FV :100
PP: 98
AnnualCouponPayment: 100×9.5%=9.5
Number of years to maturity: 1 year, 6 months, and 15 days = 1.5 years(approximately)
Profit=(9.5×1.538)+100−98
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