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DonaldMartinbought 10-year,10.6percent coupon bonds issued by the U.S. Treasury three years ago at $904.18. If he sells these bonds, for which he paid the face

DonaldMartinbought 10-year,10.6percent coupon bonds issued by the U.S. Treasury three years ago at $904.18. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $829.67, what is his realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.

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