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Assume you purchase ( at par ) one 1 9 - year bond with a 6 . 5 5 percent coupon and a $ 1

Assume you purchase (at par) one 19-year bond with a
6.55 percent coupon and a $1,000 face value. Suppose
you are only able to reinvest the coupons at a rate of 4.55
percent. If you sell the bond after 14 years when the yield
to maturity is 7.55 percent, what is your realized yield?
Note: Do not round intermediate calculations. Round
your answers to 2 decimal places.
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