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Ernie bought Bond E for $860 one year ago. The bond currently has six years to maturity and has an annual coupon rate of 8%,

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Ernie bought Bond E for $860 one year ago. The bond currently has six years to maturity and has an annual coupon rate of 8%, making semi-annual coupon payments. If the current price of the bond is $960, what do you know about Ernie's bond rate of return over the past year compared to the yield to maturity (YTM) of the bond today? Rate of return YTM today Not enough information to determine Rate of return = YTM today

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