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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
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$55.10
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$2,362.50
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$117.00
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$3,154.50
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$2,479.50
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