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6 What is the effective yield to maturity of a $1,000 par value strip bond that sells for $413 and will mature in 15
6 What is the effective yield to maturity of a $1,000 par value strip bond that sells for $413 and will mature in 15 years? (Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places.) Effective yield to maturity %
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
