Realised yield: Josh Kavern bought 10-year,
10.76 percent coupon bonds issued by the Australian Government
three years...
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Realised yield: Josh Kavern bought 10-year,10.76 percent coupon bonds issued by the Australian Governmentthree years ago at $913.44. If he sells these bonds, which have aface value of $1,000, at the current price of $809.05, the realisedyield on the bond is ________________% (Assume annual coupons onsimilar coupon-paying bonds).
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