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Suppose that you just bought a four - year $ 1 , 0 0 0 coupon bond with a coupon rate of 6 . 8
Suppose that you just bought a fouryear $ coupon bond with a coupon rate of when the market interest rate is You sell the bond one year later after the market interest rate falls to The rate of return earned on the bond during the year was Round your response to two decimal places.
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