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What is the rate of return for an investor who pays $972.89 for a three year bond with a 8.8% coupon paid annually and a
What is the rate of return for an investor who pays $972.89 for a three year bond with a 8.8% coupon paid annually and a face value of $1,000 and sells the bond one year later for $980.1? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES.
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