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A bond had a price of $1,945.77 at the beginning of the year and a price of $1,977.81 at the end of the year. The
A bond had a price of $1,945.77 at the beginning of the year and a price of $1,977.81 at the end of the year. The bonds par value is $2,000 and its coupon rate is 4.8 percent. What was the percentage return on the bond for the year?
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
