Effective annual yield, Trevor Price bought 10-year bonds

Effective annual yield

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Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semi annual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,048.77, what is the yield that Trevor would earn by selling the bonds today? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

Effective annual yield? %

Reference no: EM13877688

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Effective annual yield : Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semi annual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,048.77, what is the yield that Trevor would earn by sel..

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