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A Polish government bond has a 2 0 - year maturity and a 5 . 5 % coupon. You buy the bond at its face

A Polish government bond has a

20 -

year maturity and a

5.5 %

coupon. You buy the bond at its face value, which is PLZ

10, 000 .

A year later, the yield to maturity on the bond has fallen to

5 % .

What is your rate of return for the year?

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