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A bond is issued with a coupon of 4% paid annually, a maturity of 33 years, and a yield to maturity of 7%. What rate

A bond is issued with a coupon of 4% paid annually, a maturity of 33 years, and a yield to maturity of 7%. What rate of return will be earned by an investor who purchases the bond for $617.39 and holds it for 1 year if the bonds yield to maturity at the end of the year is 9%

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