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You purchased a 5-year, 6% coupon bond with a YTM of 4%. If you sold the bond after receiving the second interest payment and the

You purchased a 5-year, 6% coupon bond with a YTM of 4%. If you sold the bond after receiving the second interest payment and the bond's YTM had changed to 3%, your annual total rate of return on holding the bond for that year would have been

5.00%

5.51%

6.68%

7.57%

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