A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2030, was purchased on

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2030, was purchased on March 5, 2019, at 95.5. What was the approximate yield rate?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:10 AM

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2030, was purchased on

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Answer YTM CFPN FP2 here C10001452725 divided by 2 because pay...View the full answer

Contemporary Business Mathematics With Canadian Applications

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