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One year ago, Carmen purchased 45 semiannual bonds at $987.23 each. The bonds had a 5.25% coupon rate and a 6.75% yield to maturity when

One year ago, Carmen purchased 45 semiannual bonds at $987.23 each. The bonds had a 5.25% coupon rate and a 6.75% yield to maturity when she bought them. Today, the bonds are worth $989.83. What was Carmen's total dollar return since she purchased the bonds?

Multiple Choice

  • $55.10

  • $2,362.50

  • $117.00

  • $3,154.50

  • $2,479.50

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