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Suppose you buy a 25-year, 4% (annual payment) coupon bond for $1000 (i.e. the bond is selling at par) and you plan to hold it

Suppose you buy a 25-year, 4% (annual payment) coupon bond for $1000 (i.e. the bond is selling at par) and you plan to hold it for 17 years. You forecast that the bond's yield to maturity will be 8% when it is sold and that the reinvestment rate on the coupons will be 5%. What will be your annualized compound return over your investment horizon

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