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An investor buys a 5-year, 9% coupon bond for $970, holds it for 1 year, and then sells the bond for $980. What was the

An investor buys a 5-year, 9% coupon bond for $970, holds it for 1 year, and then sells the bond for $980. What was the investor's rate of return?

Multiple Choice

9.00%

9.28%

9.70%

10.31%

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