A Treasury bond that you own at the beginning of the year is worth $1,100. During the year, it pays $48 in interest payments and ends the year valued at $1,110.What was your dollar return and percent return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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A Treasury bond that you own at the beginning of the year is worth $1,100. During the year, it pays $48 in interest payments and ends the year valued at $1,110.

What was your dollar return and percent return?

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