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Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 5.8% when the market interest rate is 5.8%. One year
Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 5.8% when the market interest rate is 5.8%. One year later, the market interest rate falls to 3.8%. The rate of return earned on the bond during the year was % Round your response to two decimal places
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