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Rudy purchased a 7 . 5 % coupon rate bond one year ago for its face value of $ 1 0 0 . He bought
Rudy purchased a coupon rate bond one year ago for its face value of $ He bought the bond just after the coupon date. Yesterday the bond paid its annual coupon. The bond currently has years until maturity and has a yield to maturity of If Rudy sells the bond today, then what is his return for the last year?
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