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A 7% coupon bond makes semi annual payments has a par value of 1000 and matures 10 years from today you purchase the bond today
A 7% coupon bond makes semi annual payments has a par value of 1000 and matures 10 years from today you purchase the bond today when the YTM is 10.25 and sell it 2 years from today if the YTM when you sell the bond 8% what is the internal rate of return on your investment. Please explain how to do the problem and solve.
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