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Posted on Jul 24, 2024

If you purchase a 3 - year, 9 % annual coupon bond for $ 1 , 0 0 2 . 0 3 , what is

If you purchase a

3 -

year,

9 %

annual coupon bond for $

1, 002.03,

what is your annual rate of return if you hold it to maturity and reinvest your coupons at

7 %

per year?

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