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suppose that on june 1 2 0 1 8 you purchased a 4 % government of canada bond maturing on june 1 2 0 2

suppose that on june 12018 you purchased a 4% government of canada bond maturing on june 12021, for 1$053.20 when its yield was 2.15%. the bond pays annual coupons. twelve months later, its yield to maturity had fallen to 1.5%. confirm that your rate of return on your investment would have been greater than the 2.15% yield to maturity.

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