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34 You have invested $50,000 in Euro Bonds in June 2019 earning 3% per year. You redeem them 2 years later in June 2021. Interest

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34 You have invested $50,000 in Euro Bonds in June 2019 earning 3% per year. You redeem them 2 years later in June 2021. Interest earned is not compounded . Given the following information, what was the return on your investment ?. Please give your answer to 2 decimals.: June 2019: $ 1 = 0.89 June 2021: 1= $ 1.22 Answer: % 35 Bond prices INCREASE / DECREASE (circle your answer ) as interest rates go up T F 36 - An investor will continue to earn interest on his bonds if those bonds are called ( retired ) before maturity and the investor does not want to redeem them: T F

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