Question
A Treasury bond that you own at the beginning of the year is worth $1,100. During the year, it pays $48 in interest payments and
A Treasury bond that you own at the beginning of the year is worth $1,100. During the year, it pays $48 in interest payments and ends the year valued at $1,110.
What was your dollar return and percent return?(Round your percent return answer to 2 decimal places.)
Dollar return$
Percent return%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
