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An 9 year government bond with a coupon rate of 3% offers a yield of 6% annually compounded. Suppose that the bond yields is 9%
An 9 year government bond with a coupon rate of 3% offers a yield of 6% annually compounded. Suppose that the bond yields is 9% at the end of the year. What returns did the bond holder earn in this case?
A. -38.4%
B. -12.3%
C. -3.9%
D. -16.0%
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