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One year ago, Carmen purchased 49 semiannual bonds at $996.63 each. The bonds had a 5.75% coupon rate and a 7.25% yield to maturity when
One year ago, Carmen purchased 49 semiannual bonds at $996.63 each. The bonds had a 5.75% coupon rate and a 7.25% yield to maturity when she bought them. Today, the bonds are worth $996.90. What was Carmen's total dollar return since she purchased the bonds?
Multiple Choice
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$2,817.50
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$3,565.73
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$2,830.73
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$57.77
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$13.23
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