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Consider a 15-year bond with 5 percent coupon rate. An investor purchased this bond while the yield to maturity was 4 percent. 5 years later

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Consider a 15-year bond with 5 percent coupon rate. An investor purchased this bond while the yield to maturity was 4 percent. 5 years later the investors sells this bond while the yield is 6 percent. What is the annual return from this investment? Assume that the reinvestment rate of the coupon is the same as the return on the investment

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