Josh kavern bought 10-year 101 percent coupon bonds issued


Josh Kavern bought 10-year, 10.1 percent coupon bonds issued by the U.S. Treasury three years ago at $907.38. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $820.16, what is his realized yield on the bonds? Assume similar coupon paying bonds make annual coupon payments.

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Financial Management: Josh kavern bought 10-year 101 percent coupon bonds issued
Reference No:- TGS01710676

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