Question: Problem 15-4 Calculating Total Return [LO15-3] Jean Miller purchased a $1,000 corporate bond for $880. The bond paid 3 percent annual interest. Three years later,
Problem 15-4 Calculating Total Return [LO15-3] Jean Miller purchased a $1,000 corporate bond for $880. The bond paid 3 percent annual interest. Three years later, she soid the bond for $960. Calculate the total return for Ms. Miller's bond investment
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