Urgent Help for FIN 571 - 34676

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Price: $1
  • From: Business,
  • Due on: Sun 01 Dec, 2013 (01:45pm)
  • Asked on: Sun 01 Dec, 2013
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Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $960.37. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,090.61, 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%.)

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