You Purchased a 6% Annual Coupon Bond at Face Value

question 62

Multiple Choice

You purchased a 6% annual coupon bond at face value and sold it one year later for $1,015.16.What was your rate of return on this investment if the face value at maturity was $1,000?

• A) 4.48%
• B) 6.15%
• C) 7.52%
• D) 6.07%

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Definitions:

Chart Of Accounts

A list of the accounts in the ledger.

Merchandising Business

A company that purchases goods wholesale and resells them at retail, making profit from the markup.

Perpetual Inventory System

An accounting system that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Merchandise Return

Occurs when a customer returns a product to the seller for a refund, exchange, or credit, affecting the seller’s inventory and sales figures.