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Four years ago, Lisa Stills bought six-year, 9.66 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the
Four years ago, Lisa Stills bought six-year, 9.66 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the current price of $850.00, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.
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