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What is the rate of return for an investor who pays $1,016.88 for a three year bond with a 5.7% coupon paid annually and a

What is the rate of return for an investor who pays $1,016.88 for a three year bond with a 5.7% coupon paid annually and a face value of $1,000 and sells the bond one year later for $987.89 ? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below. Enter your answer to 2 DECIMAL PLACES. %

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