3- You purchased a bond on January 1, 2002 for $839.67. The bond has a...
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3- You purchased a bond on January 1, 2002 for $839.67. The bond has a $1,000 face value, an 8% annual coupon, and can be sold for $822.33 on December 31, 2002. What is your percentage return on investment for the year (7.5%)
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