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What rate of return will be earned by an investor

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A bond is issued with a coupon of 6% paid annually, a maturity of 35 years, and a yield to maturity of 9%. What rate of return will be earned by an investor who purchases the bond for $683.00 and holds it for 1 year if the bond's yield to maturity at the end of the year is 10%?

Reference no: EM132465750

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