What is your actual rate of return on this bond assume the


One year ago, you purchased a 10-year 7% annual coupon bond with a $1,000 par at 8% YTM. You just sold the bond at 6% YTM. What is your actual rate of return on this bond? Assume the bond pays interests ($70 per bond) annually.

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Finance Basics: What is your actual rate of return on this bond assume the
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