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XYZ Corporation just issued a 7%, 30-year, semi-annual coupon bond and sold it at par value. If an investor purchased that bond, held it for

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XYZ Corporation just issued a 7%, 30-year, semi-annual coupon bond and sold it at par value. If an investor purchased that bond, held it for 7 years, reinvested the coupons at an annual rate of 5%, and sold it after the 7-year holding period at its then prevailing yield to maturity of 9%, the investor would have earned a relaized compound yield equal to... Multiple Choice 7% 4.71%

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