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Total rate of return You buy a 13 -year bond at $1,000 par that pays $40 in interest once a year. You hold the bond

image text in transcribed Total rate of return You buy a 13 -year bond at $1,000 par that pays $40 in interest once a year. You hold the bond for 1 year and collect the first coupon payment. By that time, the market's required return on the bond has risen from 4% to 5%, so the bond's price is $911.37. What is your total rate of return for the year? Your total rate of return for the year is decimal places.) \%. (Round to two \%. (Round to two

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