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What is the rate of return of your investment

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Reference no: EM132886834

Question - Suppose you purchase a 10-year bond with 6.4% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 5.3% when you purchased and sold the bond, what is the rate of return of your investment?

Reference no: EM132886834

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