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A newly issued, ten year, zero coupon bond with a yield to maturity of 3.80% has a face value of $1000. An investor purchases the

A newly issued, ten year, zero coupon bond with a yield to maturity of 3.80% has a face value of $1000. An investor purchases the bond when it is initially traded, and then sells it four years later. What is the annual rate of return of this investment, assuming the yield to maturity does not change? A.3.8% B.4.0% C.2.4% D.3.2%

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