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Question 12 to pts A bond with exactly four years until maturity paying spa. coupons semi-annually and with a face value of $100 was purchased

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Question 12 to pts A bond with exactly four years until maturity paying spa. coupons semi-annually and with a face value of $100 was purchased at a yield of 55% pa. The bond was sold exactly three years later for a yield of 4.5% pa. All coupons were reinvested at 54 p.a. Calculate the holding period yield on this bond. Edit View Insert Format Tools Table 12pt v Paragraph B I Abu Tv1

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