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A bond had a price of $1,946.75 at the beginning of the year and a price of $1,983.62 at the end of the year. The
A bond had a price of $1,946.75 at the beginning of the year and a price of $1,983.62 at the end of the year. The bond's par value is $2,000 and its coupon rate is 6.2 percent. What was the percentage return on the bond for the year? Multiple Choice O 6.25% O 8.81% O 1.86% O 7.23% O 8.26%
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