Multiple Choice
Rosita purchased a bond for $989 that had a 7% coupon and semiannual interest payments.She sold the bond after 6 months and earned a total return of 4.8% on this investment.At what price,did she sell the bond?
A) $1,001.47
B) $974.28
C) $981.06
D) $1,003.18
Correct Answer:
Verified
Correct Answer:
Verified
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