What return would you have earned on that investment

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Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago for $550 and sold it one year later for $700. Assume semi-annual coupons and compounding.

What return would you have earned on that investment? (Enter as a decimal. For example, if your answer was 12.34%, you would enter 0.1234)

Reference no: EM132494893

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