Business
Business, 19.03.2021 02:10, sosick90501

This morning, you purchased a thirty-year, 6.84% annual coupon bond with face value of $1,000 at a price of $1,044.40. Just after purchasing the bond, the yield to maturity of the bond falls to 5.50 percent and stays at that level throughout your investment period. If you sell your bond after holding it for eight years, what will be your realized rate of return

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