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A year ago, you bought a bond with a coupon rate of 4.8%, just after it paid its semiannual coupon. The bond had 23 years
A year ago, you bought a bond with a coupon rate of 4.8%, just after it paid its semiannual coupon. The bond had 23 years to maturity, a face value of $1,000 and a yield to maturity of 3.2%.
Shortly after buying the bond, yields changed to 4.5%. What is your realized yield if you sell the bond now, one year after buying it?
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