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One year ago, you purchased a 7 percent annual coupon bond for a price of $1,040 with ten years to maturity. What was the yield

  1. One year ago, you purchased a 7 percent annual coupon bond for a price of $1,040 with ten years to maturity. What was the yield to maturity on the bond? Assume Par value is $1,000. Assume annual compounding.

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