Alex purchased a $1,000 par value bond one year ago at a price of $1,016. At the time of purchase, the bond had 12 years to maturity and a 5 percent, semiannual coupon. Today, the bond has a yield to maturity of 5.35 percent. What is his realized yield as of today?
0.52 percent |
||
0.66 percent |
||
1.19 percent |
||
1.32 percent |
||
2.60 percent |
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