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annual cupon Suppose that you just bought a four year $1,000 coupon bond with a coupon rate of 5.5% when the market interest rate is
annual cupon
Suppose that you just bought a four year $1,000 coupon bond with a coupon rate of 5.5% when the market interest rate is 5.5%. One year later, the market interest rate falls to 3.5% The rate of retur eamed on the bond during the year was %. (Round your response to two decimal places) Step by Step Solution
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