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Suppose you purchase a 2 0 year Treasury bond with a 7 % annual coupon , initially trading at par. In 1 2 years time,

Suppose you purchase a 20 year Treasury bond with a 7% annual coupon, initially trading at par. In 12 years time, the bond's yield to maturity has risen to 9%
(EAR).(Assume $100 face value bond ).
a: If you sell the bond now, what internal rate of return will you have earned on your investment in the bond?

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