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Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 7% when the market interest rate is 7%. One year

Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 7% when the market interest rate is 7%. One year later, the market interest rate falls to 5%.

The rate of return earned on the bond during the year was _____% ?

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