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A bond with two years to maturity has a face value of $ 2 0 , 0 0 0 and a coupon rate of 6
A bond with two years to maturity has a face value of $ and a coupon rate of It is initially bought at a yield to maturity of then sold after one year when market yields have fallen to What are the sale price and the rate of return for the first year? For the return, report a percentage with two decimal places.
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