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An investment has returned 13%, 6%, -7%, 4%, and 13% in each of the last five...

An investment has returned 13%, 6%, -7%, 4%, and 13% in each of the last five years. If we decide to use historical returns as a proxy for expected future returns, what is the expected rate of return?

What is the YTM of a 10 year, 6% annual coupon bond with a price of $980?

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