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Assume You Bought a $1000 Par Value Corporation Bond in 2009

question 109

Short Answer

Assume you bought a $1000 par value corporation bond in 2009 for 75 1/4 with an interest rate of 7.5%. If you held the bond until maturity in 2019, what would be the total amount that you earned on this bond?
$1000.00
$750
$779.50
$887.50
$997.50


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