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Thanks A 13-year maturity, 6% coupon bond has a par value of $1,000 and semi-annual coupon a payments. You purchase the bond at face value
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A 13-year maturity, 6% coupon bond has a par value of $1,000 and semi-annual coupon a payments. You purchase the bond at face value when it is issued. You hold the bond for 6 months, collect the first coupon payment, and then sell the bond immediately. If the bond's yield- to-maturity is 4.9% when you sell it, what is your percentage return over this 6-month holding period? Do NOT annualize your finalStep by Step Solution
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