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Six months ago you purchased a bond for $950. The bond has just paid a coupon of $35. If the current price of that bond

Six months ago you purchased a bond for $950. The bond has just paid a coupon of $35. If the current price of that bond is $975, what was your return on this purchase on an effective annual basis? (Please note: If the answer was 14.56% then write 14.56 in the box below; other formats will not be graded automatically)

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