Question

# Hi could someone please help me with this review question? Could you show the answer as well as the steps to get

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7. A bond is currently selling at 1.15 on its par value of $1,000. This bond has a maturity of 15 years and a coupon rate of 5%, payable semi-annually. If the inflation rate is 3%, what is the real yield on this bond? **(4 marks)**

Financial Accounting

Hi Could Someone Please Help Me With This Review Question? Could You Show The Answer As Well As The Steps To Get