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Four years ago, James, Inc issued a bond with a par value = $1,000, Coupon rate = 5.0% annum, payable every 6-months, and a maturity

Four years ago, James, Inc issued a bond with a par value = $1,000, Coupon rate = 5.0% annum, payable every 6-months, and a maturity of 20-years. The YTM of similar bonds today is 9.0%. If Johnny decides to sale James bond today, what rate of return would he earn?

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