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On January 1, 2019 Jack bought a 5-year $1,000 face value bond, with a 10% (APR) annual coupon payment (paid each December 31st). At that

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On January 1, 2019 Jack bought a 5-year $1,000 face value bond, with a 10% (APR) annual coupon payment (paid each December 31st). At that time, the yield was 11% (APR).Jack sold the bond, one year later, on January 1, 2020, at which point the yield had fallen to 9% (APR). What was Jack's rate of return for this one-year investment in the bond? 2.97% 6.72% 17.59% 7.20%

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