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An individual invested $ 1 , 0 0 0 in a bond with a coupon payment of $ 1 2 . The price of the

An individual invested $1,000 in a bond with a coupon payment of $12. The price of the bond increased to $1,400. What is the rate of return on this bond?
Multiple choice question.
41.2%
12%
40%
71.4%

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