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Four years ago, Linda Stills bought six-year, 5.7 percent coupon bonds issued by the Cullumber Corp. for $ 949.12. If she sells these bonds at
Four years ago, Linda Stills bought six-year, 5.7 percent coupon bonds issued by the Cullumber Corp. for $ 949.12. If she sells these bonds at the current price of $ 891.30, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments. (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.) Realised rate of return Type your answer here
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