What is his realized yield on bonds

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Reference no: EM131970091

Josh Kavern bought 10-year, 12.4 percent coupon bonds issued by the U.S. Treasury three years ago at $908.72. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $820.11, what is his realized yield on the bonds? Assume similar coupon paying bonds make annual coupon payments.

Reference no: EM131970091

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