CFA Level I sample question

CFA Level I coupon question

Fixed Income / Bond Returns

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coupon sample question

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Fixed Income

Bond Returns

An investor buys a bond for USD980, receives a USD30 coupon after six months and reinvests it for six months at a periodic rate of 1.0%, receives another USD30 coupon at year-end, and sells the bond for USD1,005. The one-year holding period return is closest to:

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