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An investor buys a 5-year bond with a coupon rate of 8.4% at a price that reflects a yield to maturity of 4.8%. Interest is
An investor buys a 5-year bond with a coupon rate of 8.4% at a price that reflects a yield to maturity of 4.8%. Interest is paid semiannually. Exactly one year later, after receiving the second coupon payment, the investor sells the bond for 105% of par value. What was the investor's rate of return on the bond investment for the year? Enter your answer as a decimal out to four decimal places. As an example, you would enter 1.146% as 0.0146. If the return was negative, use a leading dash when entering your answer.
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