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12. (6 points) Two bonds are both redeemable at their par value of $100 in years. Bond A has 3.5% semiannual coupons and cost $88.
12. (6 points) Two bonds are both redeemable at their par value of $100 in years. Bond A has 3.5% semiannual coupons and cost $88. Bond B has 4% semiannual coupons and cost $92. The bonds were purchased to produce the same yield rate. What is the yield rate per annum convertible semiannually
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
