Posted by **JUAN** on Sunday, December 21, 2008 at 11:40pm.

Suppose a Midwest Telephone and Telegraph (MTT) Company bond,

maturing in 1 year, can be purchased today for $975. Assuming that the

bond is held until maturity, the investor will receive $1,000 (principal) plus

6 percent interest (that is, 0.06 3 $1,000 5 $60). Determine the percentage

holding period return on this investment.

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