Assume you bought a $1000 par value bond in 2004 for 85 1/4 with an interest rate of 4.7%. If you held the bond until maturity in 2014, what would be the total amount that you would earn on this bond?
$1000.00
$852.50
$617.50
$$470.00
The amount cannot be calculated given the information provided.

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The Answer of Assume you bought a $1000 par value bond in 2004 for 85 1/4 with an interest rate of 4.7%. If you held the bond until maturity in 2014, what would be the total amount that you would earn on this bond?
$1000.00
$852.50
$617.50
$$470.00
The amount cannot be calculated given the information provided.

Assume You Bought a $1000 Par Value Bond in 2004 $$47000 the Amount Cannot Be Calculated Given the Information Provided

Assume You Bought a $1000 Par Value Bond in 2004 $$47000
the Amount Cannot Be Calculated Given the Information Provided