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You purchase a $1,000 par value bond paying a 6% annual coupon. This bond matures in 25 years and has a YTM of 6.11%. Four
You purchase a $1,000 par value bond paying a 6% annual coupon. This bond matures in 25 years and has a YTM of 6.11%. Four years later, you sell the bond at a time when the YTM is 6.24%. What annual rate of return have you achieved over your holding period? 6.00% 6.18% 6.48% 5.76%
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