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Upon issue date, you purchased a 20-year maturity, 6% semi-annual coupon bond. The bond then sold at YTM of 7%. Now, four years later, the
Upon issue date, you purchased a 20-year maturity, 6% semi-annual coupon bond.
The bond then sold at YTM of 7%.
Now, four years later, the similar bond sells at YTM of 5%.
If you hold the bond now, what is your realized rate of return for the 4-year holding period
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