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Jorge Cabrera paid $1,054.36 for a 15-year bond 10 years ago. The bond pays a...

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Finance

Jorge Cabrera paid $1,054.36 for a 15-year bond 10 years ago. The bond pays a coupon of 10 percent semiannually. Today, the bond is priced at $1,332.95. If he sold the bond today, what would be his realized yield? (Round to the nearest percent.)

Group of answer choices

12%

11%

8%

9%

Answer & Explanation Solved by verified expert
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