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*. A 10 year bond with a par value of 1000 is redeemable at par and pays annual coupons of 65. Jamie purchased the bond
*. A 10 year bond with a par value of 1000 is redeemable at par and pays annual coupons of 65. Jamie purchased the bond for 950 and reinvests the coupons at 6% annual effective rate. Calculate the actual yield that Jamie will receive taking into account the reinvestment rate
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The Pillars Of Finance The Misalignment Of Finance Theory And Investment Practice
Authors: G. Fraser-Sampson
2014th Edition
1137264055, 978-1137264053
