Briefly describe the term bond-equivalent yield. Is there any difference between promised yield and bond-equivalent yield? Explain.

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Briefly describe the term bond-equivalent yield. Is there any difference between promised yield and bond-equivalent yield? Explain.
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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