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One year ago, you purchased a 7% coupon bond (paid annually) with a face value of $1,000 when it was selling for 99.8% of par.

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One year ago, you purchased a 7% coupon bond (paid annually) with a face value of $1,000 when it was selling for 99.8% of par. Today, you collected one coupon and sold this bond for 100.5% of par. What is your total dollar return on this investment? $77 $14 $70.70 $70

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