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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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