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A $15000 bond pays interest at 3.7% compounded semi-annually and is redeemable in 12 years. The bond is puchased at 91.65 calculate the yeild rate.
A $15000 bond pays interest at 3.7% compounded semi-annually and is redeemable in 12 years. The bond is puchased at 91.65 calculate the yeild rate.
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