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  3. a bond has a par value of $1,000, a time to maturi

A bond has a par value of $1,000, a time to maturity of 25 years,...

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Accounting

A bond has a par value of $1,000, a time to maturity of 25 years, a coupon rate of 8% with interest paid annually, a current price of $870, and a yield to maturity of 9.36%. Intuitively and without using calculations, if interest payments are reinvested at 7%, the realized compound yield on this bond must be?

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