One year ago, Carmen purchased 49 semiannual bonds at $996.63 each. The bonds had a 5.75% coupon rate and a 7.25% yield to maturity when she bought them. Today, the bonds are worth $996.90. What was Carmen's total dollar return since she purchased the bonds?
Multiple Choice
a. $2,817.50
b. $3,565.73
c. $2,830.73
d. $57.77
e. $13.23
