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

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

What was the rate of return earned on the bond during the year you had it?

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