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1 . At the beginning of last year, you bought a $ 1 0 0 0 par value bond with an annual coupon rate of

1. At the beginning of last year, you bought a $1000 par value bond with an annual coupon rate of 8 percent for $1,020 and sold the bond at $1,090 at the end of the year.
a. Calculate your total dollar return on this investment.
b. Calculate your percentage return on this investment.

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