You purchased a 5-year annual interest coupon bond one year ago. its coupon interest rate was 6% and its par value was $1,000. at the time you purchased the bond, the yield to maturity was 4%. if you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 3%, your annual total rate of return on holding the bond for that year would have been approximately
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You purchased a 5-year annual interest coupon bond one year ago. its coupon interest rate was 6% and...
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