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A year ago, you bought a bond with a coupon rate of 4 . 7 % , just after it paid its semiannual coupon. The
A year ago, you bought a bond with a coupon rate of just after it paid its semiannual coupon. The bond had years to maturity, a face value of $ and a yield to maturity of Shortly after buying the bond, yields changed to You reinvested the first coupon at the new market interest rate. What is your realized yield if you sell the bond now, one year after buying it
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