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You purchased Ford bonds with a maturity of 10 years at par six years ago. The bonds carry a coupon rate of 8%, and pay

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You purchased Ford bonds with a maturity of 10 years at par six years ago. The bonds carry a coupon rate of 8%, and pay interest semiannually. Over the past six years, the yield on these bonds has dropped by 100 basis points. You decide to sell these bonds today at the current market price. Calculate your realized rate of return on these Ford bonds

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