Question

In: Finance

You bought a bond for $950 1 year ago. You have received a coupon of $60....

You bought a bond for $950 1 year ago. You have received a coupon of $60. You can sell the bond for $977 today. What is your total dollar return?

A) $27

B) $60

C) $ 9.15

D) $87

E) $ 8.90

Solutions

Expert Solution

Total dollar return=(End value-Beginning value+Dividend)

=(977-950+60)

which is equal to

=$87

jeff jeffy answered 2 years ago
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