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Richard Miller bought 10-year, 10.7 percent coupon bonds issued by the U.S. Treasury three years ago at $905.24. If he sells these bonds, for which

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Richard Miller bought 10-year, 10.7 percent coupon bonds issued by the U.S. Treasury three years ago at $905.24. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $811.03, what is his realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments. (Round intermediate calculations to 5 decimal places, eg. 1.25145 and final answer to 2 decimal places, eg. 15.25%.) Realised rate of return % eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer search e O a G --- INS DEL B/O CV 14

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