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10 years ago, you invested in a 30-year 5% semi-annual coupon bond with a face value $1,000 for $1100. Today, at the date of maturity,

10 years ago, you invested in a 30-year 5% semi-annual coupon bond with a face value $1,000 for $1100. Today, at the date of maturity, the bond issuer announces that default occurs with a renegotiation price $920. If you accept the renegotiation price today, what is your realized annual rate of return for the last 20 years?

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