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ty Assume you purchase (at par) one 12 -year bond with a 6.10 percent coupon and a $1,000 face value. Suppose you are only able
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Assume you purchase (at par) one 12 -year bond with a 6.10 percent coupon and a $1,000 face value. Suppose you are only able to reinvest the coupons at a rate of 4.10 percent. If you sell the bond after 7 years when the yield to maturity is 710 percent, what is you realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.) 8 Answer is complete but not entirely correct Step by Step Solution
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