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Returns. You buy an 8% coupon, 20-year-maturity bond when its yield to maturity is 9%. (Assume semiannual coupon payments.) Six months later, the yield to
- Returns. You buy an 8% coupon, 20-year-maturity bond when its yield to maturity is 9%. (Assume semiannual coupon payments.) Six months later, the yield to maturity is 10%. What is your return over the 6 months?
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