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Assume that Peter purchased a 19-year, 5.82 percent coupon (annual payments) bond at par ($1000). He sold the bond after 10 years for $946.94. He
Assume that Peter purchased a 19-year, 5.82 percent coupon (annual payments) bond at par ($1000). He sold the bond after 10 years for $946.94. He reinvested the coupon payments at the 10.58 percent compounded annually. Calculate bond's total yield.
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