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Consider a 10-year corporate bond with a face value of 100 and a 5% annual coupon rate. The bond was issued one year ago, and
Consider a 10-year corporate bond with a face value of 100 and a 5% annual coupon rate. The bond was issued one year ago, and the price was $108.11. The current effective annual market interest rate is 4.5% Compute the return on the bond over the last year. Select one: O a.-4.1% C. 0.5% d.-8.2% e. 0%
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