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A 89 coupon bond drops in price from $1,224,27 to $1,176.20 over one year. What is the rate of return? 3.1%6.4%2.6%5.6%

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A 89 coupon bond drops in price from $1,224,27 to $1,176.20 over one year. What is the rate of return? 3.1%6.4%2.6%5.6%

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