One year ago you purchased a rare indian-head penny for, Ask an Expert

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One year ago, you purchased a rare Indian-head penny for $14,000. Because of the recession and the need to generate current income, you plan to sell the coin and invest in Treasury bills.

The Treasury bill yield now stands at 8 percent, although it was 7 percent one year ago. A coin dealer has offered to pay you $12,800 for the coin. Compute the holding period return on this investment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92093754

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