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Determine the after-tax yield (i.e., IRR on the ATCF) obtained by an individual who purchases a $9,000, 10-year, 10% nominal interest rate bond. The following

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Determine the after-tax yield (i.e., IRR on the ATCF) obtained by an individual who purchases a $9,000, 10-year, 10% nominal interest rate bond. The following information is given: ? Interest is paid semi-annually, and the bond was bought after the fifth payment had just been received by the previous owner. ? The purchase price for the bond was $7,000. ? All revenues (including capital gains) are taxed at an income rate of 30%. ? The bond is held to maturity. The after-tax yield is %

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