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Consider a bond with a market price of $1200, a face value of $1,000, maturity of 3 years and a coupon rate of 7%. What
Consider a bond with a market price of $1200, a face value of $1,000, maturity of 3 years and a coupon rate of 7%. What is the realized return on this investment if all cash flows are reinvested at 10% per year for the next three years?
Please show all work without using EXCEL.
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