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Two years ago, you acquired a 10-year semi-annual zero-coupon, $1,000 par value bond at a 12% YTM. Recently you sold this bond at an 8

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Two years ago, you acquired a 10-year semi-annual zero-coupon, $1,000 par value bond at a 12% YTM. Recently you sold this bond at an 8 percent YTM. Compute the horizon yield (HY) for this investment

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