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QUESTION 2 You purchased a 75-year annual Interest coupon bond 2 year ago. Its coupon Interest rate was 9.5%, and its par value was $1000.

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QUESTION 2 "You purchased a 75-year annual Interest coupon bond 2 year ago. Its coupon Interest rate was 9.5%, and its par value was $1000. At the time you purchased the bond, the yield to maturity was 9%. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 8%, your annual total rate of return on holding the bond for that year would have been approximately

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