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A bond has a face value of $1,000, a coupon of 6% paid annually, a maturity of 41 years, and a yield to maturity of

A bond has a face value of $1,000, a coupon of 6% paid annually, a maturity of 41 years, and a yield to maturity of 9%. What rate of return will be earned by an investor who purchases the bond for $676.40 and holds it for 1 year if the bonds yield to maturity at the end of the year is 10%? Round to two decimal places.

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