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a . If the bond's yield to maturity is 8 % when you sell it , what is the internal rate of return of your

.

If the bond's yield to maturity is

8 %

when you sell it

,

what is the internal rate of return of your investment?

The IRR of your investment if the bond's yield to maturity is

8 %

when you sell it is

% . (

Round to two

decimal places.

)

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