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A bond had a price of $945.46 at the beginning of the year and a price of $976.26 at the end of the year. The
A bond had a price of $945.46 at the beginning of the year and a price of $976.26 at the end of the year. The bond's par value is $1,000 and its coupon rate is 4.3 percent. What was the percentage return on the bond for the year? Multiple Choice 8.33% 7.81% 3.15% 6.83% 4.40%
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
