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Assume you purchased a bond for $978. The bond pays $38 interest every 6 months. You sell the bond after 18 months for $1,000. Calculate
Assume you purchased a bond for $978. The bond pays $38 interest every 6 months. You sell the bond after 18 months for $1,000. Calculate the following a. Income. b. Capital gain (or loss) c. Total return in dollars and as a percentage of the original investment. a. The current income is (Round to the nearest dollar.) b. The capital gain (or loss) is (Enter a loss as a negative number and round to the nearest dollar.) c. The total return in dollars is (Round to the nearest dollar.) The total return as a percentage of the original investment is (Enter as a percentage and round to two decimal places.)
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