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One year ago, you purchased a 6% coupon bond with a face value of $1000 when it was selling for 98.6% of par. Today you
One year ago, you purchased a 6% coupon bond with a face value of $1000 when it was selling for 98.6% of par. Today you sold this bond for 101.2% of par. What is your total dollar return on this investment?
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
