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Bonds of Zelle Corporation with a par value of $ 1 , 0 0 0 sell for $ 9 8 4 , mature in four
Bonds of Zelle Corporation with a par value of $ sell for $ mature in four years, and have a annual coupon rate paid semiannually. Calculate the realized compound yield based on forecasts for an investor with a year holding period and a reinvestment rate of over the period. At the end of three years, the coupon bonds with one year remaining will sell to yield
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