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Help needed, please. 3 years ago you purchased a 14 year maturity, 2.3% coupon annual pay bond at a price of $103 per $100 of
Help needed, please.
3 years ago you purchased a 14 year maturity, 2.3% coupon annual pay bond at a price of $103 per $100 of face value. Shortly after you purchased the bond, yields changed to 4.96%. If you sell the bond today at a price of $103 per $100 of face value, what is your annualized holding period return? Enter answer in percents, to two decimal placesStep by Step Solution
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