A Treasury bond that you own at the beginning of the year is worth $1,050....

70.2K

Verified Solution

Question

Accounting

A Treasury bond that you own at the beginning of the year is worth $1,050. During the year, it pays $38 in interest payments and ends the year valued at $1,060. What was your dollar return and percent return? (Round your "Percent return" to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students