Question: Joe Blow bought a bond for $ 9 8 2 . 5 0 and sold it one year later for $ 9 7 7 .

Joe Blow bought a bond for $982.50 and sold
it one year later for $977.25. This was a $1000
par value, 2.5% coupon bond. What was his
Return from Income, Return from capital
appreciation, and Total Return?

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