Mark Crane purchased a $1,000 corporate bond five years ago for $1,060. The bond paid 2.5 percent

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Mark Crane purchased a $1,000 corporate bond five years ago for $1,060. The bond paid 2.5 percent annual interest. Five years later, he sold the bond for $950. Calculate the total return for Mr. Crane’s bond investment.

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ISBN: 9781264101597

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Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 12, 2023 02:48 AM

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Mark Crane purchased a $1,000 corporate bond five years ago for $1,060. The bond paid 2.5 percent

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