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You buy a 22-year bond with a coupon rate of 8.7% that has a yield to maturity of 10.8%. (Assume a face value of $1,000
You buy a 22-year bond with a coupon rate of 8.7% that has a yield to maturity of 10.8%. (Assume a face value of $1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 11.3%. What is your return over the 6 months?
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