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Question 20 (4 points) Jack Welch bought a bond at $980 and sold it for $ 1004 after a year. He received a coupon payment

Question 20 (4 points) Jack Welch bought a bond at $980 and sold it for $ 1004 after a year. He received a coupon payment of $ 40 in that year. What is his rate of return on his bond investment? 6.53% 6.22% 2.45% O4%

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