Four years ago lisa stills bought six-year 1171 percent


Four years ago, Lisa Stills bought six-year, 11.71 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the current price of $887.46, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.(Round answer to 2 decimal places, e.g. 15.25%.)

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Financial Management: Four years ago lisa stills bought six-year 1171 percent
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