What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $900 next year?
A) 5 percent
B) 10 percent
C) -5 percent
D) -10 percent
Answer: C
What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $900 next year?
A) 5 percent
B) 10 percent
C) -5 percent
D) -10 percent
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