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You purchase a 8-year bond at $96 per $100 par valin that pays a 7.3% coupon per annum. Further monume that bord pays coupon mor-arranty,

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You purchase a 8-year bond at $96 per $100 par valin that pays a 7.3% coupon per annum. Further monume that bord pays coupon mor-arranty, und chupem can be reinvested at 3.3% semi-annually for first 6 years. The yield to maturity of a 2 years comparable bond after yours is you had the bored for years, what will be your ad return? Please write the answer in four decimal places and NOT PERCENTAGE

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