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Question 1 A ten year 3% coupon bond has a face value of 100 and...

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Question 1 A ten year 3% coupon bond has a face value of 100 and makes annual interest payments. The bond had a yield to maturity of 3% today. One year later, the yield to maturity on the same bond has shifted to 7%. Which answer best represents the return on the bond over this one year? a. -22% b. -23% c. -24% d. -25% e. -26%

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