Jorge Cabrera paid $1,054.36 for a 15-year bond 10 years ago. The bond pays a...
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Jorge Cabrera paid $1,054.36 for a 15-year bond 10 years ago. The bond pays a coupon of 10 percent semiannually. Today, the bond is priced at $1,332.95. If he sold the bond today, what would be his realized yield? (Round to the nearest percent.)
Group of answer choices
12%
11%
8%
9%
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