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(1 point) A $1000 par value 8-year bond with 12% semiannual coupons is selling for $1110 Find the yield rate convertible semiannually: a) Using the

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(1 point) A $1000 par value 8-year bond with 12% semiannual coupons is selling for $1110 Find the yield rate convertible semiannually: a) Using the exact method. ANSWER- b) Using the refined version of the bond salesman's method. ANSWER- 1%

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