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You purchased a bond on January 1, 2017 for $839.67. The bond has a $1000 face value, an 8% annual coupon, and can be sold
You purchased a bond on January 1, 2017 for $839.67. The bond has a $1000 face value, an 8% annual coupon, and can be sold for $842.33 on December 31, 2017. What is your total dollar return for the year?
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