mrs. smith bought a $5000 fave value BMO bond with a 6.2% annual coupon and six years remaining to maturity. the prevailing market rate was 5.4% compounded annually at the time Mrs. Smith purchased the bond. three years later she sold the bond for $5312.45. what was the purchasers required rate of return compounded annually? calculate mrs. smith yield (compounded annually) during the holding period.

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