Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The following table lists several corporate bonds issued during a particular quarter.
Company | AT&T | Bank of America |
General Electric |
Goldman Sachs |
Verizon | Wells Fargo |
---|---|---|---|---|---|---|
Time to Maturity (years) |
10 | 10 | 2 | 3 | 8 | 7 |
Annual Rate (%) |
3.40 | 4.00 | 4.25 | 6.15 | 5.15 | 4.50 |
If the General Electric bonds you purchased had paid you a total of $8,680 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)
$
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