Multiple Choice
You purchased a 6% annual coupon bond at face value and sold it one year later for $1,015.16.What was your rate of return on this investment if the face value at maturity was $1,000?
A) 4.48%
B) 6.15%
C) 7.52%
D) 6.07%
Correct Answer:
Verified
Correct Answer:
Verified
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