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A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year. The bond's par value is $1,000 and its coupon rate is 5 percent. What was the percentage return on the bond for the year? O 3.19% O 8.21% O 7.52% ○ 8.47%

A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year. The bond's par value is $1,000 and its coupon rate is 5 percent. What was the percentage return on the bond for the year? O 3.19% O 8.21% O 7.52% ○ 8.47%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year. The bond's par value is $1,000 and its coupon rate is 5 percent. What was the percentage return on the bond for the year? O 3.19% O 8.21% O 7.52% O 8.47%
Transcribed Image Text:A bond had a price of $945.32 at the beginning of the year and a price of $975.43 at the end of the year. The bond's par value is $1,000 and its coupon rate is 5 percent. What was the percentage return on the bond for the year? O 3.19% O 8.21% O 7.52% O 8.47%
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