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A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 6%. Find the bond equivalent annual yield
A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 6%. Find the bond equivalent annual yield to maturity of the bond for the following bond prices.
| Bond | Bond Equivalent Annual | |||
| Prices | Yield to Maturity | |||
| a. | $ | 930 | % | |
| b. | $ | 1,000 | % | |
| c. | $ | 1,030 | % | |
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
