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16. Akua Corp. bond carries an 8 percent coupon, paid semiannually. The par value is GH1,000, and the bond matures in six years. If the

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16. Akua Corp. bond carries an 8 percent coupon, paid semiannually. The par value is GH1,000, and the bond matures in six years. If the bond currently sells for GH911.37, what is its yield to maturity? What is the effective annual yield? 17. Ads Suppose the risk-free rate is 8 percent. The expected return on the market in 11

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