Four years ago, Lisa Stills bought six-year, 5.5 percent coupon bonds issued by Fairways Corp. for $947.68.

$1.49 Excluding Tax

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QUESTION:

Four years ago, Lisa Stills bought six-year, 5.5 percent coupon bonds issued by Fairways Corp. for $947.68. If she sells these bonds at the current price of $894.52, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments?


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