Question calculating returns one year ago you bought an 875, Ask an Expert

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Question: Calculating returns: One year ago, you bought an 8.75 percent coupon bond for $1,065. Today the bond sells for $990. Calculate your total nominal rate of return on the investment this past year. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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