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Problem 4 (6 Marks) a. Jane purchased a 10-year bond one year ago. The bond pays an annual coupon rate of 6% and has a

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Problem 4 (6 Marks) a. Jane purchased a 10-year bond one year ago. The bond pays an annual coupon rate of 6% and has a $1,000 par value. The yield to maturity when you purchased it was 4.8%. If you sold the bond after receiving the one interest payment and the bond's yield to maturity had changed to 3.7%, calculate total annual rate of return for holding the bond for one year. (4 Marks)

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