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Imagine you buy a bond for $809.45. The yield to maturity will be 10%. If you sell the bond for $950 at Time 7, what
Imagine you buy a bond for $809.45. The yield to maturity will be 10%. If you sell the bond for $950 at Time 7, what annual rate of return will you have earned over the 7-year period?
- 11.04%
- 7.50%
- 10.00%
- 12.34%
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