Multiple Choice
A bond with an annual coupon rate of 12 percent and face value of $1,000.00 was purchased for $990.00 and sold two years later for $1,050.00.What was the holding period return?
A) 15.1%
B) 18.2%
C) 30.3%
D) 28.5%
E) 30.0%
Correct Answer:
Verified
Correct Answer:
Verified
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