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THE ANSWER IS NOT 743.66 Assume you purchase (at par) one 14-year bond with a 6.80 percent coupon and a $1,000 face value. Suppose you
THE ANSWER IS NOT 743.66 
Assume you purchase (at par) one 14-year bond with a 6.80 percent coupon and a $1,000 face value. Suppose you are chly able to reinvest the coupons at a rate of 4.80 percent. If you sell the bond after 9 years when the yield to maturity is 7.80 percent, what is your realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Q Answer is complete but not entirely correct
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The Total Inventors Manual
Authors: Sean Michael Ragan
1st Edition
1681881586, 978-1681881584
