An investor purchased a bond for 980 received 75 in


An investor purchased a bond for $980, received $75 in interest, and then sold the bond for $950 after holding it for seven months. What is the holding period return?

a) 4.6%

b) 4.7%

c) 4.8%

d) 4.9%

Please explain.

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Financial Management: An investor purchased a bond for 980 received 75 in
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