Multiple Choice
You purchased a bond on January 1, 2002 for $839.67. The bond has a $1,000 face value, an 8% annual coupon, and can be sold for $842.33 on December 31, 2002. What is your total dollar return for the year?
A) $2.66
B) $10.66
C) $72.34
D) $77.34
E) $82.66
Correct Answer:
Verified
Correct Answer:
Verified
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