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Trevor Price 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?
Calculation of yield that Trevor would earn by selling the bonds today Semi annual Coupon rate = 8.4% Purchase Price of the bond 5years ago (P) = $936.05 Current Price of the bond (F) = $1,048.77 Maturity years of the bond = 10 Semi…

nual Interest of the bond (I) ($1000 X 8.4%) 84 Yield of the bond = I+(F-P) n (F+P) 2 = 84+($1048.77-936.05) 10 ($1048.77+936.05) 2 = $95.27 $992.41 = 9.60%


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