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BONUS: Five years ago you purchased a 15 year, $1000 par bond paying a coupon rate of 8% for $1194.23. If you sell the bond

BONUS: Five years ago you purchased a 15 year, $1000 par bond paying a coupon rate of 8% for $1194.23. If you sell the bond today with a current YTM = 6.5%, what would be your internal rate of return (IRR) over this 5-year holding period? (Round the bond prices to the nearest penny before solving for IRR.)

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