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A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year.
A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year. The bond's par value is $1,000 and its coupon rate is 5 percent. What was the percentage return on the bond for the year? O 8.21% O 3.19% O 7.52% O 8.47%
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
