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Question 1 of 4 2.25 Points You paid $1067 for a $1,000 par, 9-year bond with a 7% coupon rate and annual payments. You are
Question 1 of 4 2.25 Points You paid $1067 for a $1,000 par, 9-year bond with a 7% coupon rate and annual payments. You are selling it today, after receiving 3 coupon payments, for $1025. You reinvested coupons at the 7% annual rate. What is your total return? (Report your answer to two decimals, without the % symbol. E.g., if your answer is 5.1538%, enter it as 5.15.)
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