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A 20-year, $1,000 par value bond has an 11 percent coupon and is currently priced at par. Interest is paid annually. The bond's effective annual
A 20-year, $1,000 par value bond has an 11 percent coupon and is currently priced at par. Interest is paid annually. The bond's effective annual yield is percent.
Question 29 options:
|
| 5.50% |
|
| 5.65% |
|
| 11.00% |
|
| 11.30% |
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
