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One year ago you purchased a $1,000 face value bond that pays 5.0% interest semi-annually...

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Accounting

One year ago you purchased a $1,000 face value bond that pays 5.0% interest semi-annually for $1,050. During the year you received coupon interest payments on the bond in the amount of $50.00. Today the bond is worth $1,125. What is the total return you earned on this bond measured in percentage terms?

Group of answer choices

11.11%

5.00%

4.44%

11.90

4.76%

Answer & Explanation Solved by verified expert
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