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1. Jack Welch bought a bond at $980 and sold it for $ 1001 after a year. He received a coupon payment of $ 40

1. Jack Welch bought a bond at $980 and sold it for $ 1001 after a year. He received a coupon payment of $ 40 in that year. What is his rate of return on his bond investment?

6.22%

4.08%

2.14%

4.00%

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