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Jean Miller purchased a $1,000 corporate bond for $935. The bond paid 14 percent annual interest. Three years later, she sold the bond for $1,035.
Jean Miller purchased a $1,000 corporate bond for $935. The bond paid 14 percent annual interest. Three years later, she sold the bond for $1,035. Calculate the total return for Ms. Millers bond investment. (Do not round intermediate calculations.)
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