Question: Bryson Dechambeau bought $ 1 0 0 0 power value 2 0 year bonds issued by pinnacle Inc. seven years ago for $ 1 0

Bryson Dechambeau bought $1000 power value 20 year bonds issued by pinnacle Inc. seven years ago for $1056.49. The bond makes semi annual coupon payments at a rate of 5.5% if the current price of the bond is $973.28. What is the yield that Bryson would earn by selling the bones today?

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