A $100 000, 13% bond with semi-annual interest payments redeemable at par on July 15, 2022, is

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A $100 000, 13% bond with semi-annual interest payments redeemable at par on July 15, 2022, is bought on September 10, 2015, at 102.625. What was the approximate yield rate?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:17 AM

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A $100 000, 13% bond with semi-annual interest payments redeemable at par on July 15, 2022, is

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Quoted price 100 00000102625 102 62500 Principal 100 00000 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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