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You buy a bond with a $1,000 par value today for a price of $910. The bond has 7 years to maturity and makes annual coupon payments of $82 per year. You hold the bond to maturity, but you do not reinvest any of your coupons. What was your effective EAR over the holding period?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91626145

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