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Four years ago, Michelle Stills bought six-year, 5.1 percent coupon bonds issued by the Sandhill Corp. for $950.68. If she sells these bonds at the
Four years ago, Michelle Stills bought six-year, 5.1 percent coupon bonds issued by the Sandhill Corp. for $950.68. If she sells these bonds at the current price of $891.94, 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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