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You purchased a bond, that pays an 7.00% coupon annually, 10 years ago for $920. Today these bonds are selling for $910. If you sold
You purchased a bond, that pays an 7.00% coupon annually, 10 years ago for $920. Today these bonds are selling for $910. If you sold the bond today, what is your annual rate of return on the investment if all coupons you received were reinvested in your bank account at 1.00% per annum? O a. 5.97% O b.5.76% O c.7.39% d. 7.16% O e. 4.77%
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