On December 1,2004 a $1,000 bond,paying 6 percent interest on January 1st and July 1st of each year is purchased for $950.The bond is sold on December 5,2005 for $980.What would be the total monetary return including both interest and capital gains from holding this bond?
(a)$87
(b)$87.90
(c)$88.80
(d)$90

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The Answer of On December 1,2004 a $1,000 bond,paying 6 percent interest on January 1st and July 1st of each year is purchased for $950.The bond is sold on December 5,2005 for $980.What would be the total monetary return including both interest and capital gains from holding this bond?
(a)$87
(b)$87.90
(c)$88.80
(d)$90

On December 1,2004 a $1,000 Bond,paying 6 Percent Interest on January