Five years ago , Shirley Harper bought a 10-year bond that pays 8 percent semiannually for $964.05.

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Five years ago, Shirley Harper bought a 10-year bond that pays 8 percent semiannually for $964.05. Today, she sold it for $1,067.22. What is the realised yield on her investment? (Round to the nearest percent.)

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Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

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Posted Date: Jan 04, 2024 04:25 AM

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Five years ago , Shirley Harper bought a 10-year bond that pays 8 percent semiannually for $964.05.

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Expert Answer:

The realized yield on Shirley Harpers investment is approximately 9070 Heres how I calculated it Hol... View the full answer

Corporate Finance

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