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An investor purchased a bond with exactly 15 years to redemption. The bond, redeemable at par, has a gross redemption yield of 5% per annum
An investor purchased a bond with exactly 15 years to redemption. The bond, redeemable at par, has a gross redemption yield of 5% per annum effective. It pays coupons of 4% per annum, half yearly in a...
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
