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A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 9%. Find the bond equivalent and effective
A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 9%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. Note: Do not round intermediate calculations. Round your answers to 2 decimal places Step by Step Solution
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
6th Edition
0073226386, 978-0073226385
