What rate of return will be earned by an investor who

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A bond that pays coupons annually is issued with a coupon rate of 8%, maturity of 15 years, and a yield to maturity of 11%. What rate of return will be earned by an investor who purchases the bond and holds it for 1 year if the bond's yield to maturity at the end of the year is 10%?

Reference no: EM13623844

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