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The bonds make semiannual coupon payments at a rate of 84

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Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $1,004.19. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,096.35, what is the yield that Trevor would earn by selling the bonds today?

Reference no: EM13480026

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