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You purchase a 9-year bond at $457 per $1000 par value that pays a 7.8% coupon per annum. Further assume that bond pays coupon Quarterly,

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You purchase a 9-year bond at $457 per $1000 par value that pays a 7.8% coupon per annum. Further assume that bond pays coupon Quarterly, and coupons can be reinvested at 2.1% Quarterly for first 5 years. The yield to maturity of a (95)-years of comparable bond after 5 years is 7.8%. If you hold the bond for 5 years, what will be your total return? Please write the answer in four decimal places and NOT PERCENTAGE. Very Important: Please note that in the question you first need to compute answer of (95)-years. For example (64)-years =2-years

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