Jean Miller purchased a $1,000 corporate bond for $888. The bond paid 3.8 percent annual interest. Three years later, she sold the bond for $968. Calculate the total return for Ms. Miller’s bond investment.
Jean Miller purchased a $1,000 corporate bond for $888. The bond paid 3.8 percent annual interest. Three years later, she sold the bond for $968. Calculate the total return for Ms. Miller’s bond investment.
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 59P
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Jean Miller purchased a $1,000 corporate bond for $888. The bond paid 3.8 percent annual interest. Three years later, she sold the bond for $968. Calculate the total return for Ms. Miller’s bond investment.
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