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Problem 4 (4 marks) You observe that The James Company Inc. issued a $10 trillion 7-year bond 5 and a half years ago. The bond

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Problem 4 (4 marks) You observe that The James Company Inc. issued a $10 trillion 7-year bond 5 and a half years ago. The bond pays its 7 percent coupon semi-annually. You bought the James bond when the bond was first issued for a quoted price of 99.25. a. If you sell the bond today, what is the effective annual holding period return that you earned on your investment? Show your work and your timeline

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