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Calculate the investment yield if the 4.75 per cent 21 April 2027 bond was purchased on 21 April 2019 at 2.5 per cent and sold
Calculate the investment yield if the 4.75 per cent 21 April 2027 bond was purchased on 21 April 2019 at 2.5 per cent and sold on 21 April 2023 at (a) 2 per cent, and (b) 4 per cent and the coupons received were invested at 3.5 per cent.
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