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Calculate the total return on a $1,000 face value, 5 percent coupon bond (annual) purchased for $1,030, and sold 3 years later for $950 if
Calculate the total return on a $1,000 face value, 5 percent coupon bond (annual) purchased for $1,030, and sold 3 years later for $950 if the coupons are reinvested at 6%. (round it to 4 decimal places)
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