Four years ago lisa stills bought six-year 1259 percent


Four years ago, Lisa Stills bought six-year, 12.59 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the current price of $859.68, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.

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Finance Basics: Four years ago lisa stills bought six-year 1259 percent
Reference No:- TGS0608096

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