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Rachel McGovern bought a 13-year bond for $945.21 five years ago. The bond pays a coupon of 11 percent semiannually. Today, the bond is
Rachel McGovern bought a 13-year bond for $945.21 five years ago. The bond pays a coupon of 11 percent semiannually. Today, the bond is priced at $975.35. If she sold the bond today, what would be her realized yield? (Round final answer to the nearest percent.) 8% 18% 12% 10%
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
