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A five-year bond with a $100 face value provides a coupon of 5% per annum payable semiannually. Its price is $100. What is the bonds
A five-year bond with a $100 face value provides a coupon of 5% per annum payable semiannually. Its price is $100. What is the bonds yield?
- please do not use excel. Explain step by step
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
