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You bought a 1 0 - year, 5 % coupon bond for $ 1 , 1 0 0 and sold it l year later when
You bought a year, coupon bond for $ and sold it l year later when its yield becomes What is the rate of return on your investment if the bond pays interest annually?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
