Rachel McGovern bought a 12-year bond for $967.21 four years ago. The bond pays a coupon of 12 percent semiannually. Tod
Posted: Fri Jul 01, 2022 7:50 am
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.)