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Assume you purchase ( at par ) a 1 0 - year bond with a 6 percent coupon and a $ 1 , 0 0
Assume you purchase at par a year bond with a percent coupon and a $ face value. Suppose you are only able to reinvest the coupons at a rate of percent. If you sell the bond after five years when the yield to maturity is percent, what is your realized yield?
Solve the problem by using appropriate formula and calculation.
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