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Doug bought a bond with an annual coupon of 8 percent one year ago for $968. The bond sells for $932 today. Assuming a $1000

Doug bought a bond with an annual coupon of 8 percent one year ago for $968. The bond sells for $932 today. Assuming a $1000 face value, what was your total nominal rate of return on this investment over the past year? (Round 2 decimal)

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