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An investor purchased a 5% semiannual coupon bond due in 10 years at a price of $925.61 and a yield-to-maturity of 6%. Over time, interest
An investor purchased a 5% semiannual coupon bond due in 10 years at a price of $925.61 and a yield-to-maturity of 6%. Over time, interest rates decline and the bond is called in 4 years at par. What was the total return earned by the investor
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