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It is January 1st, 2019, and you are looking to purchase a 30-year bond issued by Twitter. The coupon rate is 7% (paid quarterly). The
It is January 1st, 2019, and you are looking to purchase a 30-year bond issued by Twitter. The coupon rate is 7% (paid quarterly). The price is currently $875. If you buy the bond at this price and plan to sell the bond on December 31, 2021 for $915, what is your expected yield on the investment?
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