Question
The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time
The following table lists several corporate bonds issued during a particular quarter.
| Company | AT&T | Bank of America | General Electric | Goldman Sachs | Verizon | Wells Fargo |
|---|---|---|---|---|---|---|
| Time to Maturity (years) | 10 | 10 | 2 | 3 | 8 | 7 |
| Annual Rate (%) | 4.40 | 5.00 | 4.25 | 6.15 | 4.15 | 4.50 |
If the General Electric bonds you purchased had paid you a total of $6,510 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
