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On June 1, Dave Byers Bought 10 Continental Technology Bonds

Question 122

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On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9% interest paid on May 1 and November 1. The purchase price was 92.750 and the commission was $5 per bond. Dave sold the bonds on October 1 for 94.50. What was his total gain on this investment?

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