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A 20 year bond has a price of $1091, a yield to maturity of 9%, and a coupon rate of 10%. What rate of return
A 20 year bond has a price of $1091, a yield to maturity of 9%, and a coupon rate of 10%. What rate of return will the holder of the bond expect to earn from the dividend payment next year?
A. 9.17%
B. 10%
C. 8%
D. 10.47%
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