Rachel McGovern bought a 12-year bond for $967.21 four years ago. The bond pays a coupon of 12 percent semiannually. Tod

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answerhappygod
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Rachel McGovern bought a 12-year bond for $967.21 four years ago. The bond pays a coupon of 12 percent semiannually. Tod

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Rachel McGovern bought a 12-year bond for $967.21 four years ago. The bond pays a coupon of 12 percent semiannually. Today, the bond is priced at $985.55. If she sold the bond today, what would be her realized yield? (Round to the nearest percent.)
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