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Six years ago, Junk Removal Services (JRS) issued high-yield bonds at par with a maturity of 12 years and a face value of $1,000. Today,

Six years ago, Junk Removal Services (JRS) issued high-yield bonds at par with a maturity of 12 years and a face value of $1,000. Today, the bonds just paid their semi-annual coupons of $70. . Suppose six months before maturity of the bond (right after the bond made its 23rd coupon payment), the yield-to-maturity (APR, semi-annually compounded) is 20%. If you bought a bond right after it made its 23rd coupon payment and held it until maturity, what would be your return on this investment?

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