Three years ago joe bought a 5-year 10 coupon paid semi


Three years ago, Joe bought a 5-year, 10% coupon paid semi annually bond for $1000. Currently, with interest rates having risen sharply, the bond is selling for $800 and you decide to sell it off. If you had re-invested the semi-annual coupons as you received them, what would your realized yield be over the 3-year holding period? Round to two decimal places.

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Financial Management: Three years ago joe bought a 5-year 10 coupon paid semi
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