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(ii) Consider a 30-year, 2% coupon-rate bond, selling at par (i.e. its face value). Suppose the yield on long bonds is 4% next year. What

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(ii) Consider a 30-year, 2% coupon-rate bond, selling at par (i.e. its face value). Suppose the yield on long bonds is 4% next year. What is the one-year rate of return? Show your steps

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