Question: Please no excel, show work so I can learn better. Thanks! You purchased an Apple Incorporated bond three years ago for $932.75. This bond pays

Please no excel, show work so I can learn better. Thanks!

You purchased an Apple Incorporated bond three years ago for $932.75. This bond pays a semi-annual coupon at a 7% rate. Today this Apple Inc. bond sells for $988.50, and as of today, this bond has 15 years left to maturity. If you sell this bond today,

a. what is your holding period return from the time you purchased it until today? (here you should use (P1-P0+coupon)/P0.

b. what is your realized yield (stated in APR) from the time you purchased it until today? (10%)

Please no excel, show work so I can learn better. Thanks!

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