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Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The face value of the bond is $1,000. The bond pays a coupon of

Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The face value of the bond is $1,000. The bond pays a coupon of 8 percent semi-annually. Today, the bond is priced at $1,054.36. If he sold the bond today, what would be his realised yield?

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