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Suppose you purchase a 20-year, $15,000, 5 percent coupon bond for $11,200. You hold it for eight years before finally selling it for $9,000. What
Suppose you purchase a 20-year, $15,000, 5 percent coupon bond for $11,200. You hold it for eight years before finally selling it for $9,000.
What is the total return to the original owner?
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