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A bond is issued with a coupon of 3% paid annually, a maturity of 15 years, a par value of $1,000 and a yield to

A bond is issued with a coupon of 3% paid annually, a maturity of 15 years, a par value of $1,000 and a yield to maturity of 5%. What rate of return will be earned by an investor who purchases the bond now and sell it one year later when the bonds yield to maturity rises to 6%?

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