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An investor purchased a bond 45 days ago for \$985. He received \$15 in interest and sold the bond for \$980. What is the holding-period return on his investment?

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An investor purchased a bond 45 days ago for \$985. He received \$15 in interest and sold the bond for \$980. What is the holding-period return on his investment?

0.01%

1.52%

0.50%

1.92%

None of the above answers are correct

Giải thích

Chọn đáp án E

Giải thích: HPR = (\$15 + 980 - 985)/\$985 = 0.010152284 = approximately 1.02%.