Julia purchased 15 Canada Savings bonds for $900 each. Each bond pays $90 interest every 6 months
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Question:
Julia purchased 15 Canada Savings bonds for $900 each. Each bond pays $90 interest every 6 months with the first payment in 6 months. She sold the bonds after one year for $930 each.
For the entire year, what was her
a. Income Yield (%Y)
b. Percent Capital Gain (%G)
c. Rate of Return on the Investment (%ROI) for the time Julia owned the shares?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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