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You purchased a 6% annual coupon bond at par and sold it one year later for $1,015.16. What was your rate of return on this
You purchased a 6% annual coupon bond at par and sold it one year later for $1,015.16. What was your rate of return on this investment if the face value at maturity was $1,000?
A. | 4.48% |
B. | 6.15% |
C. | 7.52% |
D. | 6.07% |
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