Calculation of the returns earned on a high-yield security should include the sale price of the bond as well as interest received.

Question

Quizplus · Accepted Answer

In order to calculate the total returns earned on a high-yield security, both the sale price of the bond and the interest received should be taken into account. This is because the sale price can affect the overall return on the investment, especially if the bond is sold before maturity.

Calculation of the Returns Earned on a High-Yield Security Should