2. 7.2 Bond yields A South Ozzie company bond carries an 8 per cent coupon, paid semiannually....

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2. 7.2 Bond yields A South Ozzie company bond carries an 8 per cent coupon, paid semiannually. The face value is $1 000 and the bond matures in six years. If the bond currently sells for $911.37, what is its yield to maturity? What is the effective annual yield?

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