TrevorPrice bought 10-year bonds issued by Harvest Foods five years ago for $936.05.

$1.49 Excluding Tax

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QUESTION:

TrevorPrice bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,048.77, what is the yield that Trevor would earn by selling the bonds today?


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