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Jean Miller purchased a corporate bond with a face value of $1,000 for $910. The bond pays 5 percent annual coupon interest. Three years later,
Jean Miller purchased a corporate bond with a face value of $1,000 for $910. The bond pays 5 percent annual coupon interest. Three years later, she sold the bond for $1,010. Calculate the total return in dollars for Ms. Millers bond investment.
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