What is realized yield on the bonds

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Donald Martin bought 10-year, 10.6 percent coupon bonds issued by the U.S. Treasury three years ago at $904.18. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $829.67, what is his realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.

Reference no: EM132381777

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