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You purchase a twenty-year, 5% coupon bond with a yield of 5%. One year later you sell the bond at a yield of 4%. What
You purchase a twenty-year, 5% coupon bond with a yield of 5%. One year later you sell the bond at a yield of 4%. What is your rate-of-return? 4.00% 5.00% 13.13% 18.13% 18.59% 21.09%
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