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Assume that a bond is quoted at 92% of par, with a 5% coupon rate, expiring in 30 years with semiannual payments. What is rate
Assume that a bond is quoted at 92% of par, with a 5% coupon rate, expiring in 30 years with semiannual payments. What is rate of return for investor, if the flotation cost is $100?
| 3.17% | ||
| 6.35% | ||
| 5.55% | ||
| 2.78% |
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