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A 10-year bond pays a semi-annual 5% coupon, has a yield-to-maturity of 6%, and a reinvestment rate of 4%. What is the Realized Compound Yield?

A 10-year bond pays a semi-annual 5% coupon, has a yield-to-maturity of 6%, and a reinvestment rate of 4%. What is the Realized Compound Yield?

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