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13. You buy a 5% coupon, 5 year bond with a 5% YTM and face value of $1000. If after 1 year then YTM drops
13. You buy a 5% coupon, 5 year bond with a 5% YTM and face value of $1000. If after 1 year then YTM drops to 4.5%, how much did you make over the year?
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