Business

3 June, 23:32

Suppose you bought a bond with a coupon rate of 7.4 percent one year ago for $900. the bond sells for $940 today. the bond pays annual coupons.

a. assuming a $1,000 face value, what was your total dollar return on this investment over the past year? (do not round intermediate calculations and round your answer to the nearest whole number,

e. g., 32.)

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