Question
Y8 One year ago, Carmen purchased 51 semiannual bonds at $997.20 each. The bonds had a 6.00% coupon rate and a 5.50% yield to maturity
Y8
One year ago, Carmen purchased 51 semiannual bonds at $997.20 each. The bonds had a 6.00% coupon rate and a 5.50% yield to maturity when she bought them. Today, the bonds are worth $1,009.28. What was Carmen's total dollar return since she purchased the bonds?
Multiple Choice $3,060.00 $616.08 $3,421.08 $3,676.08 $72.08
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
