Question: Bryson DeChambeau bought $ 1 , 0 0 0 par value 2 0 - year bonds issued by Pinnacle Inc. 7 years ago for $

Bryson DeChambeau bought $1,000 par value 20-year bonds issued by Pinnacle Inc. 7 years ago for $1,056.49. The bonds make semi-annual coupon payments at a rate of 5.5%. If the current price of the bond is $907.28, what is the yield that Bryson would earn by selling the bonds today?

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