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A $1000, 7 year, 9% coupon (paid annually) bond has a price of $1000. What is the realized yield if the reinvestment rate is 6%
A $1000, 7 year, 9% coupon (paid annually) bond has a price of $1000. What is the realized yield if the reinvestment rate is 6% and the bond is held for three years?
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
