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17. Suppose you purchase a 7% annual coupon bond today at a price of S1075. After one year you sell the bond at a price

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17. Suppose you purchase a 7% annual coupon bond today at a price of S1075. After one year you sell the bond at a price of $980. What is the rate of return on your Bond investment? a. 7% b. 15.35% c. - 6.42% d. - 2.33% e. none of the above

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