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Find the present value of a bond with an annual coupon payment which has a face value of 1000 euros, a coupon rate of 10%
Find the present value of a bond with an annual coupon payment which has a face value of 1000 euros, a coupon rate of 10% and an interest rate of 12%. This instrument has a term of 2 years. What is the rate of return if this instrument was purchased "al pari" and sold one year before the expiration date at a price of 1100 euros?
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