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.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter8: Property Transactions: Capital Gains And Losses, Section 1231 And Recapture Provisions
Section: Chapter Questions
Problem 2CE
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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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