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Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago for $550 and sold it one year later

Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago for $550 and sold it one year later for $700. Assume semi-annual coupons and compounding.

What return would you have earned on that investment?

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