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Freddie is no longer pleased with the performance of his Canadian corporate bond. He has decided to sell the seven-year bond three years early. He

Freddie is no longer pleased with the performance of his Canadian corporate bond. He has decided to sell the seven-year bond three years early. He purchased the bond for $988.50, and is selling it for $647.50; the coupon payment has remained the same at $80 annually. What is the return on investment on the bond if he sells it?

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