Question
On December 1, 2004 a $1,000.00 bond, paying 6% interest on January 1st and July 1st of each year is purchased for $950.00. The bond
On December 1, 2004 a $1,000.00 bond, paying 6% interest on January 1st and July 1st of each year is purchased for $950.00. The bond is sold on December 5, 2005 for $980.00. What would be the total monetary return including both interest and capital gains from holding this bond?
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
