Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Four years ago, Elizabeth Stills bought six-year, 6.0 percent coupon bonds issued by the Oriole Corp. for $949.42. If she sells these
bonds at the current price of $894.26, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual
coupon payments. Assume face value is $1,000. (Round intermediate calculations to 5 decimal places, eg. 1.25145 and final answer to 2
decimal places, e.g. 15.25%)
Realised rate of return
%
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Transcribed Image Text:Four years ago, Elizabeth Stills bought six-year, 6.0 percent coupon bonds issued by the Oriole Corp. for $949.42. If she sells these bonds at the current price of $894.26, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments. Assume face value is $1,000. (Round intermediate calculations to 5 decimal places, eg. 1.25145 and final answer to 2 decimal places, e.g. 15.25%) Realised rate of return %
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