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Business, 07.07.2021 01:00 shaylawymannnnn

What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19? Answer in percentage terms to 2 decimals and without the % sign.

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What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon...
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