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(1 point) Andrew is the CEO of Meow Co. and decides he wants to raise some capital by issuing $2000 Meow bonds paying interest at

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(1 point) Andrew is the CEO of Meow Co. and decides he wants to raise some capital by issuing $2000 Meow bonds paying interest at ji = 8.5% that mature on May 1, 2020. Keith is an investor who decides to purchase one of Andrew's Meow bonds on December 24, 2002 for $2057 plus bond interest. Keith is embarrassed owning a Meow so he sells it on November 25, 2006 for $1944 plus bond interest. Estimate Keith's yield j by the method of averages. Answer: % (1 point) Andrew is the CEO of Meow Co. and decides he wants to raise some capital by issuing $2000 Meow bonds paying interest at ji = 8.5% that mature on May 1, 2020. Keith is an investor who decides to purchase one of Andrew's Meow bonds on December 24, 2002 for $2057 plus bond interest. Keith is embarrassed owning a Meow so he sells it on November 25, 2006 for $1944 plus bond interest. Estimate Keith's yield j by the method of averages. Answer: %

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