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lemn8 lemn8
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6 years ago
Assume you bought a $1000 par value bond in 2004 for 85 1/4 with an interest rate of 4.7 percent. If you held the bond until maturity in 2014, what would be the total amount that you would earn on this bond?
A) $1000.00
B) $$470.00
C) $617.50
D) $852.50
E) The amount cannot be calculated given the information provided.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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RoBoCoP_96RoBoCoP_96
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6 years ago
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lemn8 Author
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6 years ago
Helped a lot
MAry1395
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Yesterday
Thanks for your help!!
Holly72492
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2 hours ago
Smart ... Thanks!
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