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An investor with a 5 - year investment horizon spent $ 9 1 3 . 5 4 on purchasing a 1 5 - year bond.
An investor with a year investment horizon spent $ on purchasing a year bond.
Her projected total cash inflow from selling the then year bond and the reinvestment of the first coupon payments at the end of year is $
What is the annualized total return?
Hint: please calculate the semiannual return, then double it
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