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You purchased anannual coupon paying bond one year back (in the past) that had 6 years remaining to maturity at that time. The coupon interest
You purchased anannual coupon paying bond one year back (in the past) that had 6 years remaining to maturity at that time. The coupon interest rate was 10% and the par value was $1,000. At the time you purchased the bond, the yield to maturity was 8%. If you sold the bond after receiving the first interest payment and the yield to maturity continued to be 8%, your annual total rate of return on holding the bond for that year would have been _________ A.7.82% B.8.00% C.10.00% D.10.43%
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