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consider a 10-year bond with a face value of $1000 and a coupon rate of 5%. You buy the bond in the secondary market for

consider a 10-year bond with a face value of $1000 and a coupon rate of 5%. You buy the bond in the secondary market for $1100. After three years you sell it for $1250. Calculate the rate of return. Show all work for full credit.

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