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You purchase a bond today with a 5% coupon that is set to mature in 1 year. The YTM for the bond at the time
You purchase a bond today with a 5% coupon that is set to mature in 1 year. The YTM for the bond at the time of purchase is 6.0%. Assuming that the bond pays interest annually and that coupons cannot reinvested, what is your 1 year percentage return on this investment? Assume the face of the bond is $1000. Round your answer to 2 decimal places and exclude the percentage sign.
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