NARRBEGIN: Exhibit 6-2 Exhibit 6-2

NARRBEGIN: Exhibit 6-2
Exhibit 6-2
You purchased a bond last year that pays an 8% annual coupon with a face value of $1,000.At the time of purchase,the bond had a yield to maturity of 10% and had 10 years until maturity.Today,the bond trades at a yield to maturity of 9%.
-Refer to Exhibit 6-2.What was the dollar return of this investment over the last year?

A) $80
B) $93
C) $143
D) $160