Similar coupon paying bonds make annual coupon payments

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Josh Kavern bought 10-year, 11.5 percent coupon bonds issued by the U.S. Treasury three years ago at $908.65. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $802.84, what is his realized yield on the bonds? Assume similar coupon paying bonds make annual coupon payments.

Reference no: EM132073190

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