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You purchased a bond on April 12, 2022, for $1,025. The bond has a $1,000 face value, an 8% annual coupon, and can be sold
You purchased a bond on April 12, 2022, for $1,025. The bond has a $1,000 face value, an 8% annual coupon, and can be sold for $975 on April 12, 2023.
(1) What is your total dollar return on this investment over the past year? (Please enter an integer value in the blank.)
$
(2) What is your total rate of return on this investment over the past year?
(Please express the value as percentage and keep two digits after the decimal point e.g, 1.23%. Note: if your answer is 1.23%, please just enter 1.23 in the blank below.)
%
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