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You buy a 12-year 10 percent annual coupon bond at par value, $1,000. You sell the bond three years later for $1,120. What is your
You buy a 12-year 10 percent annual coupon bond at par value, $1,000. You sell the bond three years later for $1,120. What is your rate of return over this three-year period?
24 percent | ||
10 percent | ||
22 percent | ||
34 percent | ||
42 percent |
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