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Suppose you bought a 7 percent coupon bond one year ago for $1,040. The bond sells for $1,070 today. a. Assuming a $1,000 face value, what was your to...

Question:

Suppose you bought a 7 percent coupon bond one year ago for $1,040. The bond sells for $1,070 today. a.    Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?  b.    What was your total nominal rate of return on this investment over the past year?

ATTACHMENTS
q-4.xlsx