Question: PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU. What is the return on
PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU.
What is the return on a 5% coupon bond that initially sells for $1000 and sells for $900 one year later?
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5%
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10%
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-5%
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-10%
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None of the above.
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