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Suppose you bought a bond with an annual coupon of 7 percent one year ago for $967. The bond sells for $938 today. Assuming a
Suppose you bought a bond with an annual coupon of 7 percent one year ago for $967. The bond sells for $938 today. Assuming a $1000 face value, what was your total dollar return on this investment over the past year?
(Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
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