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Kim paid $997.49 for a bond one year ago with a yield to maturity of 7.50% and a coupon rate of 7.00%. Today, the bond

Kim paid $997.49 for a bond one year ago with a yield to maturity of 7.50% and a coupon rate of 7.00%. Today, the bond is worth $1001.39. What was Kim's total percentage return over the past year?

Multiple Choice

7.41%
7.50%
2.44%
0.39%
7.00%

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