You purchased a bond on January 1, 2002 for $839.67. The bond has a $1,000 face value, an 8% annual coupon, and can be sold for $822.33 on December 31, 2002. What is your percentage
Return on investment for the year?
A) -2.1%
B) 7.5%
C) 8.6%
D) 11.6%
E) 11.8%
Correct Answer:
Verified
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