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19. Michael invested in bonds of the Willmar Corporation. He purchased the bonds on March 1, 2018, when the price was $925 per bond. Over

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19. Michael invested in bonds of the Willmar Corporation. He purchased the bonds on March 1, 2018, when the price was $925 per bond. Over the next 12 months, Willmar paid interest at the coupon rate of 5%. On March 1, 2019, the value of the bonds was $950.00 per bond. Calculate the nominal total return of Michael's investment

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