One year ago,you purchased a 5 percent coupon bond with a face value of $1,000 when it was selling for 101.2 percent of par.Today,you sold this bond for 99.8 percent of par.What is your total dollar return on this investment?
A) $36
B) $60
C) $64
D) $74
E) $82
Correct Answer:
Verified
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