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A 20-Year 10% coupon bond, annual coupon payment. The par value is $1,000. The current yield to maturity is 12%. One year later, the yield
A 20-Year 10% coupon bond, annual coupon payment. The par value is $1,000. The current yield to maturity is 12%. One year later, the yield decreases to 10%. How much is the total return if an investor buys the bond at issuance and holds it for a year?
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