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Suppose you bougrt a bond with an arnual coupon of 1 2 percent one year ago for $ 1 , 1 0 0 . The

Suppose you bougrt a bond with an arnual coupon of

12

percent one year ago for $

1, 100 .

The bond sells for

51

Tro tadey.

Assuming a $

1, 000

race valuc, what was your total dollar return on this investment over the past year?

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