CH 13 QUIZ 57

CH  13  QUIZ  57
 You have invested $1,000 in a 12% coupon bond that matures in three years. You are investing the interest income in a fund earning 8%.
At the end of three years, what was your annualized rate of return?
A. 8%
B. 12%
C. 13.4%
D. 39%
E. 11.6%

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