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(1 point) Andrew is the CEO of Meow Co. and decides he wants to raise some capital by issuing $3000 Meow bonds paying interest at
(1 point) Andrew is the CEO of Meow Co. and decides he wants to raise some capital by issuing $3000 Meow bonds paying interest at ji = 7% that mature on September, 1, 2030. Keith is an investor who decides to purchase one of Andrew's Meow bonds on December 26, 2006 for $3056 plus bond interest. Keith is embarrassed owning a Meow so he sells it on February 24, 2010 for $2961 plus bond interest. Estimate Keith's yield ji 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 $3000 Meow bonds paying interest at ji = 7% that mature on September, 1, 2030. Keith is an investor who decides to purchase one of Andrew's Meow bonds on December 26, 2006 for $3056 plus bond interest. Keith is embarrassed owning a Meow so he sells it on February 24, 2010 for $2961 plus bond interest. Estimate Keith's yield ji by the method of averages. Answer: %
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