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You purchased a 20-year bond with a par value of $1,000. paying an annual coupon of $100 ($50 every six months). You planned to hold

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You purchased a 20-year bond with a par value of $1,000. paying an annual coupon of $100 ($50 every six months). You planned to hold the bond for 10 years. The yield-to-maturity was 6.0 percent when you purchased this bond. Right after you purchased this bond, the yield (reinvestment rate) went up to 11.0 percent (5.5 percent every six months), and stayed at 11.0 percent for the entire 10- year period. However, on the day you sold the bond, the yield-to-maturity dropped back to 6.0 percent. Determine your realized compounded yield for the 10 year holding period. Enter your answer in decimal format, to four decimal places. For example, if your answer is 3.11%, enter "0.0311

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