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Posted on May 19, 2024

Suppose you bought a bond with an annual coupon rate of 7 . 7 percent one year ago for $ 9 0 0 . The

Suppose you bought a bond with an annual coupon rate of

7.7

percent one year ago for $

900 .

The bond sells for $

932

today.

Assuming a $

1, 000

face value, what was your total dollar return on this investment over the past year?

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