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Ted purchased a 10 year 1,000 par value bond for 1,100. He sold the bond for 895 after 7 years. The bond paid annual coupons
Ted purchased a 10 year 1,000 par value bond for 1,100. He sold the bond for 895 after 7 years. The bond paid annual coupons of 4%. The yield for bonds on similar risk and maturity bonds is 6.0%. What was the total return received on the bond?
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