Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

An investor purchased a bond 45 days ago for $985. He received $15 in interest and sold the bond for $980. What is the holding

An investor purchased a bond 45 days ago for $985. He received $15 in interest and sold the bond for $980. What is the holding period return on his investment?

A) 1.02%

B) 1.52%

C) 8.23%

D) 2.04%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Islamic FinanceA Practical Perspective

Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam

1st Edition

3319665588, 9783319665580

More Books

Students also viewed these Finance questions

Question

★★★★★

How does an accounting system help managers control operations and make sound decisions?

Answered: 1 week ago

Question

★★★★★

In Exercise 13. 17, we considered a regression of y = oxygen consumption on x = time spent exercising. Summary quantities given there yield a. Calculate sa1b12.02, the estimated standard deviation of...

Answered: 1 week ago

Question

★★★★★

I think we should wait. If we walk on the path and our mothers come to get us, they wont see us, and theyll worry. Missing the bus is bad enough. If my mom cant find me, shell be really mad! In what...

Answered: 1 week ago

Question

★★★★★

XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2007, buys another two shares at the beginning of 2008, sells one share at the beginning...

Answered: 1 week ago

Question

★★★★★

eBook Show Me How Using bank reconciliation to determine cash receipts stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered...

Answered: 1 week ago

Question

★★★★★

On January 1 , Year 1 , Beatie Company borrowed $ 4 0 0 , 0 0 0 cash from Central Bank by issuing a five - year, 5 percent note. The principal and interest are to be paid by making annual payments in...

Answered: 1 week ago

Question

★★★★★

Lakisha and Zara are partners in a small suburban law office. They want to determine who should deal with employment contracts. Lakisha can write a will in three hours, or an employment contract in...

Answered: 1 week ago

Question

★★★★★

Chronos Watches Ltd. The company designs and builds specialty time pieces. The following data is from the Assembly department for the most recent month. Watches Direct Materials $ % Direct Labour $ %...

Answered: 1 week ago

Question

★★★★★

Read the case McDonald's Corporation. Discuss the following four (4) questions: How are customer tastes changing in the fast-food industry? What impact do these changes have on McDonald's? What are...

Answered: 1 week ago

Question

★★★★★

You and your partner are debating about the external factors that affect the pricing strategy for your new retail business which is about opening a chain of supermarkets (i.e. ten branches that to be...

Answered: 1 week ago

Question

★★★★★

Using integration, find y of the shaded area. y y=kx 125mm 165mm X Answer(s):

Answered: 1 week ago

Question

★★★★★

1. Within the walls of a sterile prison Vickie Stringer began changing her life. Describe what mental processes were available to her in this environment.

Answered: 1 week ago

Question

★★★★★

2. Explain how the Self-Talk Endless Loop in Figure 4.1 can help individuals like Vickie Stringer.

Answered: 1 week ago

Question

★★★★★

The financial area of your life: Where are you living? In what type of home? How much money do you have in savings and investments? What kind of car are you driving?

Answered: 1 week ago

Previous Question Next Question