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a You buy an 11-year $1,000 par value bond today that has a 5% yield and a 5% annual payment coupon. In 3 years promised

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a You buy an 11-year $1,000 par value bond today that has a 5% yield and a 5% annual payment coupon. In 3 years promised yields have risen to 6%. Your annual rate of return over the time you were holding the bond is

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