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What is the annual interest amount for the bond

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Reference no: EM133145705

Question - James McCulloch purchased a 20-year U.S. Treasury bond four years ago for $10,500. The bond paid 3.600 percent annual interest. Four years later he sold the bond for $10,600.

Required -

(a) What is the annual interest amount for the bond?

(b) What is the total interest Mr. McCulloch earned during the four-year period?

(c) What is the total return for Mr. McCulloch bond Investment?

Reference no: EM133145705

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