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You just bought a 6% coupon bond that pays annual coupons and expires in 5 years, and it has a face value of $100. If

You just bought a 6% coupon bond that pays annual coupons and expires in 5 years,

and it has a face value of $100. If you decide to sell the bond right after you received

your

third

coupon, what is the annualized return on your investment? Consider that

the yield curve is flat at 5% and that you do not reinvest your coupons.

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