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You buy a 10-year 5% annual coupon bond with a $500m par value at a price of $495. One year later you sell it for
You buy a 10-year 5% annual coupon bond with a $500m par value at a price of $495. One year later you sell it for a price of $505m. What return did you earn over the year? Show your answer as a percentage to two decimal place.
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