(a)You paid $800 for a debt security at the beginning of the year and sold the same...
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Question:
(a)You paid $800 for a debt security at the beginning of the year and sold the same security at the end of the year for $1,200. During the year you also received a coupon payment of $40. If you require an annual rate of return of 15 per cent, then justify whether your decision to buy this security was correct or not?
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