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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

  • $2,817.50

  • $3,565.73

  • $2,830.73

  • $57.77

  • $13.23

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