Four years ago lisa stills bought six-year 976 percent, Financial Management

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Four years ago lisa stills bought six-year 976 percent

Four years ago, Lisa Stills bought six-year, 9.76 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the current price of $914.97, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.

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Financial Management: Four years ago lisa stills bought six-year 976 percent

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