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A 20 year bond with 6% per annum coupon pays the coupons semiannually. The par value is $1,000. If the bond is priced at $900
A 20 year bond with 6% per annum coupon pays the coupons semiannually. The par value is $1,000. If the bond is priced at $900 what is the yield to maturity of the bond expressed as bond equivalent yield?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
