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Suppose you purchase a 10-year bond with 6% annual coupons. You hold the bond for four years, andsell it immediately after receiving the fourth coupon.

Suppose you purchase a 10-year bond with 6% annual coupons. You hold the bond for four years, andsell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 5% when youpurchased and also sold the bond, what will you pay and receive from your investment inthe bond per $100 face value?

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