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6. A newly issued bonds pays its coupon once annually. Its coupon rate is 5%, its maturity is 20 years, and its yield to maturity

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6. A newly issued bonds pays its coupon once annually. Its coupon rate is 5%, its maturity is 20 years, and its yield to maturity is 8%. Find the realized compound yield before taxes for a 2 year holding period, assuming that: 1) you sell the bond after 2 years, 2) the bond yield is 7% at the end of the second year, 3) the coupon can be reinvested for 1 year at a rate of 3% (6 Points) Enter your

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