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8) What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,200 next year?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 3CQQ

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8) What is the return on a 5 percent coupon bond
that initially sells for $1,000 and sells for $1,200
next year?

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