Find effective ear over the? 6-year holding? period

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You have been investing in stocks for years.? Now, to diversity your personal? portfolio, you decide to start investing in fixed income as well. You just bought a bond? ($1,000 par? value) for? $875. The bond will mature in 6 years with annual coupon payments of? $75. You hold the bond to? maturity, and you do not reinvest your coupons. What was your effective EAR over the? 6-year holding? period?

Reference no: EM132710142

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