Suppose you purchased 100 bonds one year ago today for 952, Ask an Expert

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Suppose you purchased 100 bonds, one year ago today for $952 each, and you sold each bond today for $985. The bond paid an annual coupon of 4% and each bond has a face value of $1,000. Calculate the total percentage return earned on this investment. (Enter percentages as decimals and round to 4 decimals)

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