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you purchase a 30 year 8% semi annual interest coupon bond for $950 with a yield to maturity of 8.5%. suppose you plan to hold
you purchase a 30 year 8% semi annual interest coupon bond for $950 with a yield to maturity of 8.5%. suppose you plan to hold it for 15 years. You anticipate that the bond's yield to maturity will be 9% when you sell it and that the reinvestment rate on the coupon will be 7%. What will be the annual realized compound return by the end of your investment period?
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