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Jorge Cabrera paid $943 for a 15-year bond 6 years ago. The bond pays a coupon of 8.7 percent semiannually. Today, the bond is priced
Jorge Cabrera paid $943 for a 15-year bond 6 years ago. The bond pays a coupon of 8.7 percent semiannually. Today, the bond is priced at $1,024.54. If he sells the bond today, what will be his realized yield? (Round the final answer to the nearest percent.) O 4% 10% O 7% 12%
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