One year ago, you purchased a 5-year, $1,000 face value, 6 percent coupon bond for $1,012. Interest

Question:

One year ago, you purchased a 5-year, $1,000 face value, 6 percent bond for $1,012. Interest is paid semi-annually. Today, you sold the bond at a market rate of return of 6.27 percent. What is your total return in dollars on this investment?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...