Answered
You purchased a bond for $900 one year ago. Today, you receive your only interest payment for the year of $100. The bond can currently be sold for $975. What is your total percentage return on investment? Ignore tax effects.
A) 8.3%
B) 11.1%
C) 18.0%
D) 19.4%
E) 23.8%
On Sep 22, 2024