Determining the rate of return for an investor
What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19?
A) 5.00%
B) 5.33%
C) 6.46%
D) 7.00%
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On January 31, an entity's balance sheet showed total assets of $750 and liabilities of $250. Owners' equity at January 31 was:
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Any students who have done so are likely to lie and say "No," rather than admit the truth. This is an example of what kind of error (explain)?
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