Suppose I have bought a bond in some price - X, for 10 years. Now I decide to sell it 2 years after the purchase for some price - Y. I would like to calculate the ROR I got from this bond.
My real question is if I should annualize the cupons I got while holding the bond?
I would like to get the 'r' from:
x*(1+r)=c+y + c*(R_of_market)
I'm horribly mistaken?