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You purchased a 14% annual coupon bond at face value and sold it one year later for $1110. What was your rate of return on
You purchased a 14% annual coupon bond at face value and sold it one year later for $1110. What was your rate of return on this investment if the face value at maturity was $1,000?
A. 22.5 %
B. 25 %
C. 11 %
D. 27.5 %
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