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_14390108_1/overview/attempt/_52763812_1?courseld=_426564_1 22 OF 27 QUESTIONS REMAINING Details & Informat Unanswered questions - Assessment due da 2/29/24, 2:15 PM (PS Midterm (20%) Content Attempts Question 6

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_14390108_1/overview/attempt/_52763812_1?courseld=_426564_1 22 OF 27 QUESTIONS REMAINING Details & Informat Unanswered questions - Assessment due da 2/29/24, 2:15 PM (PS Midterm (20%) Content Attempts Question 6 2 attempts left 2 Points A four-year bond with a $1,000 face value and a 6% coupon rate is sold for $1,000 today. If one year later, the market interest rate Grading increases to 8.5%, what is your rate of return? Maximum points Do not include the % in your answer. Round your answer to two decimal places. If your answer is 4.45%, input 4.45. Add your answer Integer, decimal, or E notation allowed

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