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Beal Corp. issued a 6.6 percent coupon bond 10 years ago at par value ($1,000). The bond matures 15 year from today and you just

Beal Corp. issued a 6.6 percent coupon bond 10 years ago at par value ($1,000). The bond matures 15 year from today and you just purchased the bond at a price of $915.75. The bond makes semiannual interest payments. Assume the company does not default on this bond. If you purchase this bond and hold it until maturity, what rate of return will you earn?

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