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c) A six-year bond with 5 percent annual coupon is currently selling at par. The expected yield to maturity a year from today is 5%.

c) A six-year bond with 5 percent annual coupon is currently selling at par. The expected yield to maturity a year from today is 5%. Suppose you plan to sell the bond at the end of one year, right after receiving your coupon payment. What is your expected return on bond investment? Note: You don't need a calculator to answer this question, if you have sucient knowledge on bond. Explain how you reach your answer.

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