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Assume that Peter purchased a 19-year, 0.02 percent coupon (annual payments) bond at par ($1,000). He sold the bond after 9 years for $1,106.95. He

Assume that Peter purchased a 19-year, 0.02 percent coupon (annual payments) bond at par ($1,000). He sold the bond after 9 years for $1,106.95. He reinvested the coupon payments at the 11.67 percent ...

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