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Suppose you buy a bond for $ 1 , 4 3 2 with a 1 0 - year maturity paying an annual coupon of $

Suppose you buy a bond for $1,432 with a 10-year maturity paying an annual coupon of $80.A year later interest rates have dropped, and the bonds price has increased to $1,482.What is the nominal rate of return and the real rate of return? Assume the inflation rate is 4.3%.

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