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An investor purchased at par value a 4% semiannual coupon bond due in eight years. Six months later she received one coupon payment and one
An investor purchased at par value a 4% semiannual coupon bond due in eight years. Six months later she received one coupon payment and one year later received a second coupon payment and sold the bond at a yield-to-maturity of 4.25%. What was the total return on this investment
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