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6. Last year you purchased a corporate bond that has a 10-year maturity, a 9% annual coupon rate and a par value of $1,000. When

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6. Last year you purchased a corporate bond that has a 10-year maturity, a 9% annual coupon rate and a par value of $1,000. When the bond was issued it had an expected yield to maturity of 7.45%. If you sold the bond today for $1,050, what rate of return would you earn

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