You purchase a 20-year, $1,000 par value 6% coupon bond with annual payments with a yield...

You purchase a 20-year, $1,000 par value 6% coupon bond with annual payments with a yield to maturity of 8%. 1 year later after receiving a coupon payment, the yield to maturity has decreased to 7% and you sell the bond. What is your total rate of return on the investment over the year?

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jeff jeffy answered 1 year ago

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