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A bond had a price of $945.88 at the beginning of the year and a price of $978.75 at the end of the year. The
A bond had a price of $945.88 at the beginning of the year and a price of $978.75 at the end of the year. The bond's par value is $1,000 and its coupon rate is 4.9 percent. What was the percentage return on the bond for the year? Multiple Choice 8.66% 757% 9.23% 3.36% 5.01%
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