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You just purchased a 6% coupon bond with a face value of $100 that pays...

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Finance

You just purchased a 6% coupon bond with a face value of $100 that pays coupons annually and matures in five years. If you decide to sell this bond right after you receive your third coupon, then what is the annualized return of your investment? Assume that the yield curve remains flat at 5% over the life of the bond, and that you reinvest your coupons at a rate of 5% also.

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