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Q 1 0 . This morning, your purchased a 7 year, 8 % coupon bond when interest rates were 6 % . Later in the

10 .

This morning, your purchased a

7

year,

8 %

coupon bond when interest rates were

6 % .

Later in the day, you sold the bond when interest rates were

5 % .

The price you pay for the bond in the morning is:

The price of the bond after rates change is:

The

1 -

day return on this investment is:

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