Suzanne holding period return, Accounting Basics

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Suzanne holding period return

Problem:

Suzanne Jones purchased a 7.4% bond 2 years ago for $890.78. The bond pays annual coupons. The bond currently is selling for $941.39 and will mature in 8 years.

Required:

Question: What is Suzanne's holding period return?

Note: Please answer in proper manner and show all computations

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Accounting Basics: Suzanne holding period return

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Accounting Basics: Suzanne holding period return

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