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consider the floowing annual coupon bind with a face value of $1,000 a proce of $986.24 a coupon rate id 5.9% and a marurity if
consider the floowing annual coupon bind with a face value of $1,000 a proce of $986.24 a coupon rate id 5.9% and a marurity if 30 years. Right after you purchase the bind market interest rates change to 12% and remain constant for the next ten years. what would your realized yield to maturity be if you sold thr bind after 10 years? (no excel please)
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