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A 30-year bond with coupon rate of 11% pays coupons semiannually and sells for $1,111.11. Suppose that five years later the bonds YTM rose by
A 30-year bond with coupon rate of 11% pays coupons semiannually and sells for $1,111.11. Suppose that five years later the bonds YTM rose by 1%. What return has the bondholder earned over the past five years?
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