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An investor buys a bond with a coupon rate of 7% for $1024.61. The bond pays interest semiannually. Exactly one year later, just after receiving

An investor buys a bond with a coupon rate of 7% for $1024.61. The bond pays interest semiannually. Exactly one year later, just after receiving the second coupon payment, the investor sells the bond for $1026.93. What was the investors rate of return over the year from owning the bond?

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