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A bond with two years to maturity has a face value of $ 2 0 , 0 0 0 and a coupon rate of 6

A bond with two years to maturity has a face value of $20,000 and a coupon rate of 6%. It is initially bought at a yield to maturity of 7%, then sold after one year when market yields have fallen to 5%. What are the sale price and the rate of return for the first year? For the return, report a percentage with two decimal places.
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