John haven purchased a bond for 9500. the bond pays 300, Ask an Expert

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John Haven purchased a bond for $9,500. The bond pays $300 interest every six months. If John decides to sell the bond after 18 months for $10,000 what would be his:

1. Income?

2. Capital Gain or Loss?

3. Total return in dollars and as a percentage of the original investment?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9278456

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