Assume you purchased a bond for $9,500. The bond pays $300 interest every 6 months. You sell

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Assume you purchased a bond for $9,500. The bond pays $300 interest every 6 months. You sell the bond after 18 months for $10,000. Calculate the following:
a. Income
b. Capital gain or loss
c. Total return in dollars and as a percentage of the original investment
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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