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You buy a 11-year bond at $1000 par that pays $50 in interest once a year. You hold the bond for 1 year and collect

You buy a 11-year bond at $1000 par that pays $50 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 5% to 6%, so the bond's price is $926.40. What is your total rate of return for the year

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