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A company has bonds on the market with 10 years to maturity and a YTM of 9%. The bonds pay a 7% coupon and make
A company has bonds on the market with 10 years to maturity and a YTM of 9%. The bonds pay a 7% coupon and make semi-annual payments. What is the effective annual yield?
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
