Assume you purchase a bond for $870. The bond pays $25 interest every six months. You sell
Question:
Assume you purchase a bond for $870. The bond pays $25 interest every six months. You sell the bond after 18 months for $950. 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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a Income is the interest income w...View the full answer
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Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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