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leave all the decimal please % earned by an investor in a bond that was purchased for $1,000, has an annual coupon of 8%, and

image text in transcribed leave all the decimal please

% earned by an investor in a bond that was purchased for $1,000, has an annual coupon of 8%, and was sold at the end of the year for $960? Assume the face value The nominal rate of return is of the bond is $1,000

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