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An investor has a 12% bond that pays semi-annually with a par value of R1 000. The bond has a market price of R1 200
An investor has a 12% bond that pays semi-annually with a par value of R1 000. The bond has a market price of R1 200 and 20 years to maturity. What is the bond equivalent yield of the bond?
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Small Business Terms Financial Education Is Your Best Investment
Authors: Thomas Herold
1st Edition
1798900483, 978-1798900482
