1,000 * 0.06 = 60
30 + 60 = 90
On December 1, 2004 a $1,000.00 bond, paying 6% interest on January 1st and July 1st of each year is purchased for $950.00. The bond is sold on December 5, 2005 for $980.00. What would be the total monetary return including both interest and capital gains from holding this bond?
A. $90.00
B. $87.00
C. $88.80
D. $87.90
4 answers
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It is a 90.00