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When it was selling for 998 percent of par today you sold

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One year ago, you purchased a 7 percent coupon bond with a face value of $1,000 when it was selling for 99.8 percent of par. Today, you sold this bond for 100.5 percent of par. What is your total dollar return on this investment?

a. $63
b. $69
c. $70
d. $72
e. $77

Reference no: EM13573397

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