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what if I am not given the inflation rate......this is the question... You bought one of YY Corporations 8% coupon bond (face value $1, 000)
what if I am not given the inflation rate......this is the question... You bought one of YY Corporations 8% coupon bond (face value $1, 000) one year ago for $1, 028.50. These bonds make annual payments and mature six years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 7%. What is your total return for last year?
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