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Homework answers / question archive / Four years ago, Nancy Stills bought six-year, 5

Four years ago, Nancy Stills bought six-year, 5

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Four years ago, Nancy Stills bought six-year, 5.1 percent coupon bonds issued by the Blossom Corp. for $948.84. If she sells these bonds at the current price of $896.32, what will be her 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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