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one year ago an investor purchased a 10-year 8% annual coupon bond at par of $1000. Today (with 9 years to maturity) the bond is
one year ago an investor purchased a 10-year 8% annual coupon bond at par of $1000. Today (with 9 years to maturity) the bond is priced to yield 7.25%. if the bond is sold, what is the total return to the investor (interest plus appreciation) for the 1-year holding period?
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
