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If you construct a bond portfolio with five 8 % coupon ( semiannual payment ) , 4 - year maturity bond sells for $ 1

If you construct a bond portfolio with five

8 %

coupon

(

semiannual payment

), 4 -

year maturity

bond sells for $

1, 150

and ten

1 -

year zero coupon bond sells for $

980 .

What is the yield for the

portfolio?

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