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One year ago you purchased a 8-year, 8% coupon bond. Today, you sold the bond at a YTM of 8%. If the current yield was
One year ago you purchased a 8-year, 8% coupon bond. Today, you sold the bond at a YTM of 8%.
If the current yield was 6.96%, what was your total return on this investment?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
