Question: Williams Sherwin purchased a 30-year par value bond when it was issued which paid 6% coupons semiannually for the past 22 years. Today, he sold

Williams Sherwin purchased a 30-year par value bond when it was issued which paid 6% coupons semiannually for the past 22 years. Today, he sold it for $1,321.55. What is the realized yield on the bond?

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