Return on NCDs
Phil purchased an NCD a year ago in the secondary market for $980,000. The NCD matures today at a price of $1million, and Phil received $45,000 in interest. What is Phil’s return on the NCD?
Return on NCDs
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Return on NCDs
Phil purchased an NCD a year ago in the secondary market for $980,000. The NCD matures today at a price of $1million, and Phil received $45,000 in interest. What is Phil’s return on the NCD?
Return on NCDs