Business, 04.01.2021 19:10 tylorroundy
Pleas help! need steps so I can learn how to do them please! 30 pts
Timothy bought a bond with a face value of $1,000. The bond term is 1 year. He bought the bond at a 5 percent discount from the face value. The bond pays 5 percent annual interest, and Timothy will receive two semiannual payments. When the bond is redeemed at maturity, the total return (profit) will be $
.00. The total return on investment will be
%. (Round return on investment percentage to one decimal place.)
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Pleas help! need steps so I can learn how to do them please! 30 pts
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