Suppose an investor is considering the purchase of a financial instrument that promises to deliver the following
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Suppose an investor is considering the purchase of a financial instrument that promises to deliver the following semiannual cash flows: four payments of \($40\) every six months for two years and \($1,000\) delivered four semiannual periods from now. Suppose the price of this financial instrument is \($982.0624.\) What yield is being offered by this financial instrument?
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Related Book For 
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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