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Four years ago, Lisa Stills bought six-year, 5.5 percent coupon bonds issued by the Fairways Corp....

Four years ago, Lisa Stills bought six-year, 5.5 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells these bonds at the current price of $894.52, what will be her realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy Σ AutoSum ー E ゴWrap Text ▲· 逻锂函Merge & Center. $, % , 弼,8 Paste B I 프 . 灬 Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard AU101 AT Alignment Number Cells AU AV AW AX AY AZ BA BC BD BE BF BG 87 5.50% 947.68 COUPON PURCHASE PRICE HOLDING PERIOD SALE PRICE 89 90 91 92 93 94 95 96 97 98 4 YEARS 894.52 YEAR CF 0 947.68 55 COUPON EACH YEAR 4 949.52 894.52+55 100 101 102 103 104 105 (4 커 REALISED YIELD ON BOND 4.49% IRR(AX94:AX98) , Sheet2 . AFN BANKING NOTE BIDDING, UNDERWRITING / EUAC AW PM LIFE LP, IP, MRP. INFLATION YIELD WARRANTrefund bond CLEAN INVOICE PRICE | Sheet1 08:01 27-01-2019

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