Question
An investor purchased a bond three years ago for $10,650 plus accrued interest of $175. The bond was sold this year for $10,980 plus accrued
An investor purchased a bond three years ago for $10,650 plus accrued interest of $175. The bond was sold this year for $10,980 plus accrued interest of $210. What capital gain or loss resulted from these transactions?
a.A capital gain of $365.
b.A capital gain of $295.
c.A capital gain of $330.
d.A capital loss of $365.
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Get StartedRecommended Textbook for
Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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