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Jason Allen bought 10-year bonds issued by Harvest Foods five years ago for $939.50. The bonds make semiannual coupon payments at a rate of 8.3
Jason Allen bought 10-year bonds issued by Harvest Foods five years ago for $939.50. The bonds make semiannual coupon payments at a rate of 8.3 percent. If the current price of the bonds is $1,042.77, what is the yield that Jason would earn by selling the bonds today? (Round answer to 2 decimal places, e.g. 15.25%.)
Effective annual yield ______ % |
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