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You purchase a 9-year bond at $06 per $100 par value that pays a 7.6% coupon per annum. Further assume that bond pays coupon semi-annually,

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You purchase a 9-year bond at $06 per $100 par value that pays a 7.6% coupon per annum. Further assume that bond pays coupon semi-annually, and coupons can be reinvested at 3.8% semi-annually for first 8 years. The yield to maturity of a 2 years comparable bond after 6 years is 5%. If you hold the bond for 6 years, what will be your total return? Please write the answer in four decimal places and NOT PERCENTAGE

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