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Posted on May 18, 2024

A 1 2 - year bond has quarterly coupons of 1 0 % and a face value of 1 0 0 0 . The bond

12 -

year bond has quarterly coupons of

10 %

and a face value of

1000 .

The bond is priced at $

1108.12

when it held to redemption for a value of $

1150 .

Compute the nominal yield rate convertible quarterly.

Give your answers to one decimal places.

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