Amy Coles purchased three 12-year, $1,000 bonds: one Boeing at 7%, one U. S. Treasury at 4.5%, and one Water World Sports at 12%. If the Water World Sports bond defaulted after 5 years and paid holders 60%, which bond produced the most income in the 5-year period, assuming that the $400 loss on the WWS bond was considered to be a reduction in income? How much did it produce?
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Amy Coles purchased three 12-year, $1,000 bonds: one Boeing at 7%, one U. S. Treasury at 4.5%, and o...
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