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What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one
What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19?
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
