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Wicker Park Wind Chimes, Inc. issued a large dollar volume of bonds several years ago. Each bord has a 7.40% annual coupon interest rate, with

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Wicker Park Wind Chimes, Inc. issued a large dollar volume of bonds several years ago. Each bord has a 7.40% annual coupon interest rate, with interest paid semiannually and each bond will mature 21 years from today at its $1.000 par vale Today you buy some of those bonds for the current market price of 593443 each What will your realized compound yield on this investment be if you hold each bond until it matures and can rest each semiannual coupon payment from the day you get it until the maturity dite, for a return expressed as a % 32969 effective annual rate (EAR!? (Be sure to compute semically and with enough decimal places to assure accuracy and recall that realized compound yield is the modified internal rate of return on a bond investment) A 7.7856 8.5.22814 6.11.849976 0.650719 E 4.9042

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