Jason is no longer pleased with the performance of his Canadian corporate bond. He has decided to sell the seven-year bond three years early. He purchased the bond for $1410.00, and is selling it for $670.00; the coupon payment has remained the same at $96 annually. What is the return on investment on the bond if he sells it?

Answer rating: 100% (QA)

To calculate the return on investment ROI on the bond if Jason sells it we need to consi... View the full answer