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Melissa Price bought a 15-year bond issued by Kroger ten years ago for $1,013.09. The bond makes semiannual coupon payments at a rate of 10.4
Melissa Price bought a 15-year bond issued by Kroger ten years ago for $1,013.09. The bond makes semiannual coupon payments at a rate of 10.4 percent. If the current price of the bonds is $976.29, what is the yield that Melissa would earn by selling the bond today?
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