Calculate the total return for ms millers bond investment
Problem
Jean Miller purchased a $1,000 corporate bond for $893. The bond paid 4.3 percent annual interest. Three years later, she sold the bond for $973 Calculate the total return for Ms. Miller's bond investment.
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The bond paid 4.3 percent annual interest. Three years later, she sold the bond for $973. Calculate the total return for Ms. Miller's bond investment.
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