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Assume you purchase (at par) one 10-year bond with a 7.00 percent coupon and a $1,000 face value. Suppose you are only able to reinvest

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Assume you purchase (at par) one 10-year bond with a 7.00 percent coupon and a $1,000 face value. Suppose you are only able to reinvest the coupons at a rate of 5.00 percent. If you sell the bond after 5 years when the yield to maturity is 8.00 percent, what is your realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct

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