Question

Solve using excel A bond was originally bought at a price of $985 dollars is now...

Solve using excel

A bond was originally bought at a price of $985 dollars is now sold for $1000.

The investor realized a holding period rate of return of 5%.
1. What was total amount of the bond's coupon payments received during bond ownership?
2. How many coupon payments did the bond investor receive?
A. 1
B. 2
C. 3
D. You cannot tell with the info given

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