Question
A 10-year semiannual bonds coupon rate is 6%. Its current market price is $975 and par value is $1,000. What is the effective annual yield
A 10-year semiannual bonds coupon rate is 6%. Its current market price is $975 and par value is $1,000. What is the effective annual yield of this bond?
Group of answer choices
3.1707%
6.3414%
6.4419%
6.8483%
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
