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The DEF Company bonds have a face value of $1,000 and mature in five years. The bonds pay 4% interest in the first two years
The DEF Company bonds have a face value of $1,000 and mature in five years. The bonds pay 4% interest in the first two years and 6% thereafter. Interest is paid semiannually. If you buy a DEF bond for $950 today and hold it to maturity, what is your return on this bond? Show Formulas in Excel
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