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One year ago, you purchased a $1000 face value bond of Sox Corp. The bond carries a coupon rate of 6%, and the coupons are paid annually. At the time of your purchase, the bond had three years remaining until maturity and a yield to maturity (YTM) of 6%. The current YTM is 4%. If you sell your bond today, calculate the return you will have earned.

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One year ago, you purchased a $1000 face value bond of Sox Corp. The bond carries a coupon rate of 6%, and the coupons are paid annually. At the time of your purchase, the bond had three years remaining until maturity and a yield to maturity (YTM) of 6%. The current YTM is 4%. If you sell your bond today, calculate the return you will have earned.

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