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Posted on Jul 21, 2024

One year ago, you purchased a 8 percent coupon bond with a face value of $1,000 when it was selling for 103.5 percent of par.

One year ago, you purchased a 8 percent coupon bond with a face value of $1,000 when it was selling for 103.5 percent of par. Today, you sold this bond for 105 percent of par. What is your total dollar return on this investment?

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