You bought a bond five years ago for $ 935 per bond. The bond is now selling

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You bought a bond five years ago for $ 935 per bond. The bond is now selling for $ 980. It also paid $ 75 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond.

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:30 AM

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You bought a bond five years ago for $ 935 per bond. The bond is now selling

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935 75 1 1 1 5 980 1 ...View the full answer

Financial Markets and Institutions

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