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Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 6% when the market interest rate is 6%. What was

Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 6% when the market interest rate is 6%. What was the price you paid for the bond? One year later, the market interest rate falls to 4%. What rate of return did you earn on the bond during the year?

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