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Bryce purchased Bond Q one year ago when the market interest rate was 8.8%. At the time, Bryce paid $1,245 for the bond. Today, the

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Bryce purchased Bond Q one year ago when the market interest rate was 8.8%. At the time, Bryce paid $1,245 for the bond. Today, the price of the bond is $910. Assuming that Bond Q has a 12% annual coupon rate and makes semi-annual coupon payments, how does Bryce's bond rate of return over the last year compare to the current yield today? Bond rate of return > current yield Not enough information to determine Bond rate of return

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