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Suppose you buy a bond with a coupon of 9.6 percent today for $1,090. The bond has 6 years to maturity. Assume interest payments

Suppose you buy a bond with a coupon of 9.6 percent today for $1,090. The bond has 6 years to maturity. Assume interest payments are reinvested at the original YTM. a. What rate of return do you expect to earn on your investment? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Rate of return 1%

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