Question
A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2022, was purchased on March 5, 2011, at 95.5. What was the
A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2022, was purchased on March 5, 2011, at 95.5. What was the approximate yield rate?
The approximate yield rate was?
(Round the final answer to four decimal places as needed. Round all intermediate values to four decimal places as needed.)
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
ISBN: 978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
