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Posted on Sep 20, 2024

Suppose that today you buy a bond with an annual coupon of 7 percent for $ 8 0 0 . The bond has 1 7

Suppose that today you buy a bond with an annual coupon of

7

percent for $

800 .

The bond has

17

years to maturity and makes semiannual payments.

What rate of return do you expect to earn on your investment?

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