Question: Kindly answer this question with step by step solution and use words for further explanation of steps On the issue date, you bought a 15-year

Kindly answer this question with step by step solution and use words for further explanation of steps

On the issue date, you bought a 15-year maturity, 5.55% semi-annual coupon bond. The bond then sold at YTM of 5.75%. Now, 6 years later, the similar bond sells at YTM of 5.15%. If you hold the bond now, what is your realized rate of return for the 3-year holding period?

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