[Solved] Jorge Cabrera paid $980 for a 15-year bon

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Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The bond pays a coupon of 12 percent paid semiannually. Today, the bond is

Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The bond pays a coupon of 12 percent paid semiannually. Today, the bond is priced at $990. If he sells the bond today, what will be his realized yield? (Round to the nearest percent.)

A. 10%

B. 14%

C. 12%

D. 6%

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