1. A “buy-and-hold” investor purchases a fixed-rate bond at a discount and holds it until it matures. Which of the following least likely contributes to the investor’s total return, assuming all...


1.



A “buy-and-hold” investor purchases a fixed-rate bond at a discount and holds it until it matures. Which of the followingleast likely contributes to the investor’s total return, assuming all payments are made as scheduled?


























A.

Capital gain



B.

Principal payment



C.

Reinvestment of coupon payments



D.

Coupon income





Jun 04, 2022
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