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Phil bought Bond A one year ago when the YTM was 7.5%. Currently the bond has a price of $822 and has 10 years remaining

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Phil bought Bond A one year ago when the YTM was 7.5\%. Currently the bond has a price of $822 and has 10 years remaining to maturity with a 9% coupon rate. What do you know about Phil's bond rate of return over the last year compared to the current yield on the bond today? Phil's rate of return > current yield Phil's rate of retum = current yield Phil's rate of return

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