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Question 14 1 pts A year ago, you purchased a 5-year bond, paying fixed annual coupons at a rate 5%pa. At the time you purchased
Question 14 1 pts A year ago, you purchased a 5-year bond, paying fixed annual coupons at a rate 5%pa. At the time you purchased the bond, the yield to maturity was 5%pa. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 4%, your annual total rate of return on holding the bond for that year would have been approximately. 8.6% 8.1% O 7.6% 4.8% O 9.5%
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