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An investor purchases a 30 year, zero coupon bond with a face value of 1000 and a yield to maturity of 6.5%. He sells this
An investor purchases a 30 year, zero coupon bond with a face value of 1000 and a yield to maturity of 6.5%. He sells this bond five years later. What is the Internal rate of return on his investment, assuming yield to maturity does not change?
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