Answer:
$102
Explanation:
Calculation to determine what was your total dollar return on this investment over the past year
Using this formula
Total dollar return =Change in price + Coupon payment
Let plug in the formula
Total dollar return = $970 - $920 + (5.2÷100*$1000)
Total dollar return = $970 - $920+$52
Total dollar return=$102
Therefore what was your total dollar return on this investment over the past year is $102
