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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Question Posted: Nov 12, 2023 02:48 AM

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Jean Miller purchased a $1,000 corporate bond for $880. The bond paid 3 percent annual interest. Three

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