A $1,000 par value n-year bond with $100 annual coupons is purchased for $1,110. The bond yields the effective annual rate of interest ii to the purchaser. You are given vn=.45vn=.45. In which of the following ranges is ii?

Question A $1,000 par value n-year bond with $100 annual coupons is purchased for $1,110. The bond yields the effective annual rate of interest i to the purchaser. You are given vn = .45. In which of the following ranges is i? Possible Answers A 6.75% but 7.25% but 7.75% but 8.25% Question A $1,000 par value n-year bond with $100 annual coupons is purchased for $1,110. The bond yields the effective annual rate of interest i to the purchaser. You are given vn = .45. In which of the following ranges is i? Possible Answers A 6.75% but 7.25% but 7.75% but 8.25%