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29) Mary buys a 1000 face value bond at a price of 1000 Coupon 5% paid annually Maturity 7 years Mary plans on reinvesting all

29) Mary buys a 1000 face value bond at a price of 1000

Coupon 5% paid annually

Maturity 7 years

Mary plans on reinvesting all the coupon payments. If interest rates fall to 2% right after Mary purchases the bond, what is the realized return on Marys investment if mary holds the bond until it matures

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