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Suppose an investor has a 4-year investment horizon. He purchased a 10year paying an 8% annual coupon rate while the bond's initial annual yield to

Suppose an investor has a 4-year investment horizon. He purchased a 10year paying an 8% annual coupon rate while the bond's initial annual yield to maturity is 6%. The bond makes coupon payments semi-annually. The investor expects that he can reinvest the coupon at an annual interest rate of 7%. At the beginning of year 5 , he expects the then yield to maturity to be 7%. What is the total return for this bond

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