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Six years ago, you purchased a 15-year bond selling at par. The bond's coupon rate is 5.5% paid semiannually. Today, its yield to maturity is
Six years ago, you purchased a 15-year bond selling at par. The bond's coupon rate is 5.5% paid semiannually. Today, its yield to maturity is 4.8%. If you sell it today, what is your internal rate of return?
Please provide excel formulas
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