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D = dividends earned or interest received while you owned the investment Avery bought a $1,000 par value 5 year Apple Bond that paid 9%

D = dividends earned or interest received while you owned the investment

Avery bought a $1,000 par value 5 year Apple Bond that paid 9% interest annually. Avery bought the bond for $920 and sold the bond for $980 a few days after receiving his first interest distribution. What was Averys rate of return?

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