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What nominal rate of return did you earn on investment

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Reference no: EM132043494

Question is: You purchased a five-year 6% annual coupon bond one year ago for $990. You sold the bond today when the market rate of return is 4.5%. If the inflation rate for the past year was 2.0%, what nominal rate of return did you earn on this investment?

Reference no: EM132043494

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