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An investor buys a $ 1 million face amount of the US 5 . 5 0 0 s of 5 / 1 5 / 2
An investor buys a $ million face amount of the US s of at in mid May over a horizon of one year. If the price of the bond at the end of the year is $ and if the coupon payment after six months is reinvested for the subsequent six months at a money market rate of then the realized return of the investment over the year is:
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