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3. In March 2018 you paid $25,000 for a corporate bond with a face value of $25,000 and a coupon rate of 5%. You needed

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3. In March 2018 you paid $25,000 for a corporate bond with a face value of $25,000 and a coupon rate of 5%. You needed to pay your college tuition and sold the bond in March 2019 for $27,500. What is your (holding period) return? Show your math for credit

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