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A bond is currently selling in the market for $897.01. It has a coupon of 11% and a(n) 5-year maturity. Using annualcompounding, calculate the promised
A bond is currently selling in the market for $897.01. It has a coupon of 11% and a(n) 5-year maturity. Using annualcompounding, calculate the promised yield on this bond.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
