Question: You buy a bond today at face value for $ 1,000 with a 5.9 % coupon interest payment . The bond matures in 8 years

You buy a bond today at face value for $ 1,000 with a 5.9 % coupon interest payment . The bond matures in 8 years . One year from now , you sell your bond when interest rates are 8.6 % . What is your rate of return ?

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