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A 8 year $11,000 bond paying a coupon rate of 3.50% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of purchase
A 8 year $11,000 bond paying a coupon rate of 3.50% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of purchase of the bond.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
