You purchased a bond on January 1, 2017 for $839.67. The bond has a $1000 face value, an 8% annual coupon, and can be sold for $842.33 on December 31, 2017. What is your total dollar return for the year?

$82.66

Explanation:

you purchased a bond for $839.67

coupon = $1,000 x 8% = $80

you sell the bond at the end of the year for $842.33

total dollar return on your investment = coupon + (selling price - purchase price) = $80 + ($842.33 - $839.67) = $82.66

total return in % on your investment = $82.66 / $839.67 = 9.84%

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

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