The market price of a three-year 4% annual-coupon bond is 946.54. If the YTM remains unchanged after you purchase the bond, what is the expected return if you hold the bond for one year? 6% 5.56% 4.14%
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The market price of a three-year 4% annual-coupon bond is 946.54. If the YTM remains unchanged after you purchase the bond, what is the expected return if you hold the bond for one year? 6% 5.56% 4.14%
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