One year ago, Carmen purchased 51 semiannual bonds at $997.20 each. The bonds had a 6.00% coupon

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One year ago, Carmen purchased 51 semiannual bonds at $997.20 each. The bonds had a 6.00% coupon rate and a 5.50% yield to maturity when she bought them. Today, the bonds are worth $1,009.28.

What was Carmen's total dollar return since she purchased the bonds?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jul 04, 2023 06:06 AM

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One year ago, Carmen purchased 51 semiannual bonds at $997.20 each. The bonds had a 6.00% coupon

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To calculate Carmens total dollar return we need to consider both the interest income received from ... View the full answer

Fundamentals Of Corporate Finance

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