Jean Miller purchased a $1,000 corporate bond for $880. The bond paid 3 percent annual interest. Three
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Jean Miller purchased a $1,000 corporate bond for $880. The bond paid 3 percent annual interest. Three years later, she sold the bond for $960.
Calculate the total return for Ms. Miller’s bond investment.
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Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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