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QUESTION
Suppose you bought a 5 percent coupon bond one year ago for $940. The bond sells for $975 today. Required:
Suppose you bought a 5 percent coupon bond one year ago for $940. The bond sells for $975 today.Required: (a) Assuming a $1,000 face value, what was your total dollar return on this investment over the past year face value of 1000total dollar return
