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Consider the following annual coupon bond with a face value of $1,000, a price of $922.69, a coupon rate of 5.9% and a maturity of
Consider the following annual coupon bond with a face value of $1,000, a price of $922.69, a coupon rate of 5.9% and a maturity of 30 years. Right after you purchase the bond, market interest rates change to 12% and remain constant. What would be your realized yield to maturity if you sold the bond after 8 years
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