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Posted on May 19, 2024

You purchase a 1 0 - year, 1 0 % annual coupon bond for $ 1 1 2 4 . 2 1 , what is

You purchase a

10 -

year,

10 %

annual coupon bond for $

1124.21,

what is your annual mate of return if you hold it to maturity and reinvest your coupons at

8 %

per year?

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