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#15 The market price of a semi-annual pay bond is $952.54. It has 19.00 years to maturity and a coupon rate of 6.00%. Par value
#15
The market price of a semi-annual pay bond is $952.54. It has 19.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield?
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Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
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