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What is the return for the year on a bond with a par value of $1000 and a coupon rate of 8.5% if it price
What is the return for the year on a bond with a par value of $1000 and a coupon rate of 8.5% if it price at the beginning of the year was $1215 and its price at the end of the year was $1020? Assume that interest is paid annually.
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