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Business, 09.09.2020 22:01 tacosloco7607

Today, Maureen purchased a coupon bond for $1,020. It has a face value of $1,000, an 8% coupon rate (with coupons paid just once per year), and a maturity of 4 years. Maureen plans to hold the bond for just one year and then sell it and she expects to sell at a price of $1,060. What is Maureen's expected rate of return? (to the nearest hundredth of a percent) a. 14.00% b. 3.92% c. 7.80% d. 8.00% e. 11.76%

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Today, Maureen purchased a coupon bond for $1,020. It has a face value of $1,000, an 8% coupon rate...
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