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One year ago you purchased a bond that paid a coupon rate of 7 . 5 percent. The bond's price was $ 9 4 1
One year ago you purchased a bond that paid a coupon rate of percent. The bond's price was $ Now the bond is worth $ The face value was $
What was your percentage total nominal rate of return on this investment over the past year?
Remember to use initial price, not face value, in the denomintor for percent return. Do not round intermediate calculations. Enter your answer as a percentage rounded to decimal places eg
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