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Four years ago, Betty Stills bought six - year, 5 . 9 percent coupon bonds issued by the Cullumber Corpfor $ 9 5 1 .

Four years ago, Betty Stills bought six-year, 5.9 percent coupon bonds issued by the Cullumber Corpfor $951.96. If she sells these bonds at the current price of $897.54, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments. Assume face value is $1,000

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