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What is the yield that daniel would earn by selling the bond

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Question 1: Daniel Jackson bought 10-year bonds issued by Harvest Foods five years ago for $932.45. The bonds make semiannual coupon payments at a rate of 8.5 percent. If the current price of the bonds is $1,043.77, what is the yield that Daniel would earn by selling the bonds today? (Round answer to 2 decimal places, e.g. 15.25%.)

Reference no: EM132917512

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