You purchased a bond for $1,000. At the end of a year, the bond paid interest of $90. You sold the bond for $950 after receiving the interest payment.
-Refer to the information above. What was your total rate of return on this investment? Round your answer to the nearest tenth of a percent.
A) -5.0%
B) 14.7%
C) 9.5%
D) 4.0%
Correct Answer:
Verified
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