Josh kavern bought 10-year 114 percent coupon bonds issued, Ask an Expert

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Josh Kavern bought 10-year, 11.4 percent coupon bonds issued by the U.S. Treasury three years ago at $917.35. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $824.09, what is his realized yield on the bonds? Assume similar coupon paying bonds make annual coupon payments. (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.)

Realised rate of return________ %

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Financial Management, Finance

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