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  3. ernie bought bond e for $1085 one year ago. the bo

Ernie bought Bond E for $1085 one year ago. The bond currently has six years...

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Finance

Ernie bought Bond E for $1085 one year ago. The bond currently has six years to maturity and has an annual coupon rate of 8%, making semi-annual coupon payments. If the current price of the bond is $960, what do you know about Ernie's bond rate of return over th epast year compared to the yield to maturity of the bond today?

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