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Consider a bond with the following features: Exactly 7 years to maturity 6% coupon rate, paid semi-annually 8% yield to maturity $100 par value Suppose

Consider a bond with the following features: 

•Exactly 7 years to maturity

•6% coupon rate, paid semi-annually

 •8% yield to maturity •$100 par value

 Suppose you hold the bond until maturity and its yield does not change. 

What will be your annualized rate of return?

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