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What was the rate of return earned on the bond

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Reference no: EM132050481

Suppose that you just bought a? four-year ?$1,000 coupon bond with a coupon rate of 7% when the market interest rate is 7%. One year? later, the market interest rate falls to 5%

What was the rate of return earned on the bond during the year you had it?

Reference no: EM132050481

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