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One year ago, you purchased a 7 percent coupon bond with a face value of $1,000 when it was selling for 104 percent of par.

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One year ago, you purchased a 7 percent coupon bond with a face value of $1,000 when it was selling for 104 percent of par. Today, you sold this bond for 102.5 percent of par. What is your total dollar return on this investment? Multiple Choice $85 $55 $70 $15 $100

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