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A 6.95 percent coupon bond with 24 years left to maturity is priced to offer a 6.2 percent yield to maturity. You believe that in
A 6.95 percent coupon bond with 24 years left to maturity is priced to offer a 6.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.8 percent. What would be the total return of the bond in dollars? (Assume interest payments are semiannual.)
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