Multiple Choice
You have invested $1,000 in a 12% coupon bond that matures in three years.You are investing the interest income in a fund earning 8%.At the end of three years,what was your annualized rate of return?
A) 8%
B) 12%
C) 13.4%
D) 39%
E) 11.6%
Correct Answer:
Verified
Correct Answer:
Verified
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