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5. Bob bought a 3-year coupon bond at the face value of $1,000. The coupon rate is 5%. He sold the bond after redeeming the

5. Bob bought a 3-year coupon bond at the face value of $1,000. The coupon rate is 5%. He sold the bond after redeeming the first coupon. Suppose that the market interest rate when he sold the bond was 15%. Please calculate the rate of return of the investment.
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(10 points) Bob bought a 3-year coupon bond at the face value of $1,000. The coupon rate is 5%. He sold the bond after redeeming the first coupon. Suppose that the market interest rate when he sold the bond was 15%. Please calculate the rate of return of the investment

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