Question: Bryson DeChambeau bought $ 1 0 0 0 par value, 2 0 - year bonds issued by Pinnacle Inc. 7 years ago for $ 1
Bryson DeChambeau bought $ par value, year bonds issued by Pinnacle Inc. years ago for $ The bonds make semiannual coupon payments at a rate of percent. If the current price of the bond is $ what is the yield that Bryson would earn by selling the bonds today? Hint: Think of how long the bond was held. Do not round intermediate calculations and round your answer to decimal places, eg Do not input a percent sign with your final answer.
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