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ou purchased a 20-year bond with a par value of $1,000,paying an annual coupon of...

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Finance

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ou purchased a 20-year bond with a par value of $1,000,paying an annual coupon of $100($50 every si monthd You planned to hold the bond for 10 years. The yield-to-maturity was 6.0 purchased this bond. Right after you purchased this bond, the yield went up to 100 percent (5.0 percent every six months), and stayed at 100 reinvestment ate percent for the entire 10-year period. However,on the day you sold the bond, the yield-to- naturity dropped back to 6.0 percent. Determine your realized compounded yield for the 10 year ter your as erin decimal format, to four decimal places. For example, if your answer is 311% 00311

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