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18. What is the rate of return for an investor who pays Pl,054.47 for a three-year bond with a 7% coupon and sells the bond

18. What is the rate of return for an investor who pays Pl,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for Pl,037.19? A. 5.00% B. 5.33% C. 6.46% D. 7.00%

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