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The nominal rate of return is % earned by an investor in a bond that was purchased for $1,000, has an annual coupon of 8%,

The nominal rate of return is % earned by an investor in a bond that was purchased for $1,000, has an annual coupon of 8%, and was sold at the end of the year for $960? Assume the face value of the bond is $1,000. A Moving to another question will save this response

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