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You purchase a $ 1 , 0 0 0 par value bond paying a 6 % annual coupon. This bond matures in 2 5 years
You purchase a $ par value bond paying a annual coupon. This bond matures in years and has a YTM of Four years later, you sell the bond at a time when the YTM is What annual rate of return have you achieved over your holding period?
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