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One year ago, an investor purchased a 10-year 7.65% annual coupon bond at par of $1,000. Today (with 9 years to maturity) the bond is
One year ago, an investor purchased a 10-year 7.65% annual coupon bond at par of $1,000. Today (with 9 years to maturity) the bond is priced to yield 7.50%. If the bond is sold, what is the total return to the investor (interest plus appreciation) for the 1-year holding period?
Your answer should be between 6.32 and 17.42, rounded to 2 decimal places, with no special characters.
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