Question
A $25,000, 9.5% bond with semi-annual coupons redeemable at par is bought 16 years before maturity at 78.25. What was the approximate yield rate?
A $25,000, 9.5% bond with semi-annual coupons redeemable at par is bought 16 years before maturity at 78.25. What was the approximate yield rate?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
