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One Year Ago, You Purchased a 6 Percent Coupon Bond

Question 56

Multiple Choice

One year ago, you purchased a 6 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) $46
B) $60
C) $67
D) $74
E) $82

Correct Answer:

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