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You purchase a 10-year bond with 9% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon.

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You purchase a 10-year bond with 9% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 8.71% when you purchased and sold the bond, what was the IRR of your investment

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