A bond with exactly five years until maturity paying 6% p.a.coupons semi-annually and with a face value of $100 was purchasedat a yield of 6.5% p.a. The bond was sold exactly two years laterfor a yield of 5% p.a. All coupons were reinvested at 6% p.a.Calculate the realised yield-to-maturity on this bond.A bond withexactly five years until maturity paying 6% p.a. couponssemi-annually and with a face value of $100 was purchased at ayield of 6.5% p.a. The bond was sold exactly two years later for ayield of 5% p.a. All coupons were reinvested at 6% p.a. Calculatethe realised yield-to-maturity on this bond.
