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You purchased a 15-year, 4.8 percent coupon bond that was priced at 102.594% of par TWO year ago. The bond paid tri-annual coupons (i.e., once

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You purchased a 15-year, 4.8 percent coupon bond that was priced at 102.594% of par TWO year ago. The bond paid tri-annual coupons (i.e., once every four months). Right after you purchased the bond, interest rates rose to 6.0 percent and remained unchanged since then. You liquidated your position by selling the bond for its market price at the end of the 2-year horizon. Calculate the (annual) rate of return realized on your investment

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