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A 5-year, 12% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,100, what is the annualized yield
A 5-year, 12% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,100, what is the annualized yield on the bond?
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
