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One year ago you purchased a 10-year, 8% coupon bond. Today, you sold the bond at a YTM of 7%. If the current yield was
One year ago you purchased a 10-year, 8% coupon bond. Today, you sold the bond at a YTM of 7%.
If the current yield was 6.27%, what was your total return on this investment?
Input your answer in decimals, not percent. Answer to 4 decimal places, for example 0.1234.
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