pattyv5376 pattyv5376
  • 26-05-2023
  • Business
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You buy a 12-year 10 percent annual coupon bond at par value, $1,000. You sell the bond three years later for $1,120. What is your rate of return over this three-year period?
A. 24 percent
B. 10 percent
C. 22 percent
D. 34 percent
E. 42 percent

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