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Suppose you bought a bond with an annual coupon rate of 7 percent one year ago for $900. The bond sells for $930 today. Assuming

Suppose you bought a bond with an annual coupon rate of 7 percent one year ago for $900. The bond sells for $930 today. Assuming a $1,000 face value, what was your total nominal rate of return on this investment over the past year?

Group of answer choices

10.56%

12.78%

11.67%

12.22%

11.11%

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