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Question 21 4 pts Jack bought a 7-year, $1,000 face value bond, with a 7% annual coupon payment on December 31st, 2017. At that point,

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Question 21 4 pts Jack bought a 7-year, $1,000 face value bond, with a 7% annual coupon payment on December 31st, 2017. At that point, the yield (APR) of similar bonds was 8%. Jack sold the bond 1 year later, on December 31st 2018, at which point the yield of similar bonds had decreased to 6%. What was Jack's rate of return (in % terms) for this one-year investment in the bond? 18.06% 10.66% -3.29% 2.88%

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