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  3. you purchased an 11-year, 7.8 percent coupon bond

You purchased an 11-year, 7.8 percent coupon bond while its yield to maturity was 6...

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Finance

You purchased an 11-year, 7.8 percent coupon bond while its yield to maturity was 6 percent. A year later, you sold the bond while its yield to maturity is 5.5 percent. What is your rate of return over the year?

Please do not copy from Chegg. Otherwise i have to report the answer.

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