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A $1,000 par value bond was issued 20 years ago at a 12 percent coupon rate it currently has 15 years remaining to maturity. Interest

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A $1,000 par value bond was issued 20 years ago at a 12 percent coupon rate it currently has 15 years remaining to maturity. Interest rates on similar obligations are now 10 percent. Assume Ms Bright bought the bond three years ago when it had a price of $1,030, Further assume Ms. Bright paid 30 percent of the purchase price in cash and borrowed the rest (known as buying on margin). She used the interest payments from the bond to cover the interest costs on the loan c. How much of the purchase price of $1030 did Ms. Bright pay in cash? (Do not round intermediate calculations and round your answer to 2 decimal places.) Answer is complete but not entirely correct. Purchase price paid in canh 300.00 a. What is Ms. Bright's percentage return on her cash investment? Divide the answer to part bby the answer to partc (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Percentage tatum 115.20

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