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An investor purchases a bond paying a stated ( coupon ) interest rate of 3 % when the market rate of interest for the bond
An investor purchases a bond paying a stated coupon interest rate of when the market rate of interest for the bond is also Assuming that over the life of that bond, there was constant annual inflation of per year, what was the real annual return on the bond? abcd Cannot tell because you need to know what the price of the bond was at the time the bond was purchased
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