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An Investor Purchased a Bond 45 Days Ago for $985

Question 45

Multiple Choice

An investor purchased a bond 45 days ago for $985. He received $15 in interest and sold the bond for $980. What is the holding-period return on his investment?


A) 1.02%
B) 0.50%
C) 1.92%
D) 0.01%

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