Question: Question 12 pts A bond with exactly four years until maturity paying 5% pa. coupons semi-annually and with a face value of $100 was purchased

Question 12 pts A bond with exactly four years until maturity paying 5% pa. coupons semi-annually and with a face value of $100 was purchased at a yield of 5.5% p.a. The bond was sold exactly three years later for a yield of 4.5% pa. All coupons were reinvested at 5% pa. Calculate the holding period yield on this bond. Edit View Insert Format Tools Table 12pt Paragraph I U

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