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You purchased an annual interest coupon bond one year ago that has 6 years remaining to maturity at that time. The coupon rate was 10%,
You purchased an annual interest coupon bond one year ago that has 6 years remaining to maturity at that time. The coupon rate was 10%, the par value was $1000. At the time you purchased the bond, the YTM was 8%. If you sold the bond after receiving the first interest payment and the YTM continued to be 8%, your annual total rate of return on holding the bond for that year would have been? Answer:
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