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show all work Tom bought a bond with $1,000 face value for $1,050 three year ago. The coupon rate is 8%. Tom sold the bond

show all work

Tom bought a bond with $1,000 face value for $1,050 three year ago. The coupon rate is 8%. Tom sold the bond for $850 today. What is Tom's total dollar return and percentage return? (Show your work to get full points)

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