Today bart simpson sells an annual coupon 1000 par value


Today, Bart Simpson sells an annual coupon $1,000 par value bond with a 8% coupon rate with 7 years left to maturity for $1,050. Bart bought this bond a year ago when the bond had a yield to maturity of 8.5%. What is Bart's total return from this bond investment?

A) 16.3%

B) 15.1%

C) 13.0%

D) 8.5%

E) 8.0%

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Finance Basics: Today bart simpson sells an annual coupon 1000 par value
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