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Question completion QUESTION 21 Suppose you paid $890 to buy a 30-year 5% coupon bond with annual payment and plan to hold it for 5
Question completion QUESTION 21 Suppose you paid $890 to buy a 30-year 5% coupon bond with annual payment and plan to hold it for 5 years. Your forecast is that the bond's yield to maturity will be 7% when it is sold and that the reinvestment rate on the coupons over the 5-year holding period will be 6%. What's your annualized compound rate of return? O A 1.52% OB.2.4% O c. 5.54% 3.34% OD
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