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Concord Limited has bonds outstanding that will mature in 7 years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and
Concord Limited has bonds outstanding that will mature in 7 years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and have a coupon rate of 4.7 percent. If the bonds are currently selling at $898.65, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 1 decimal place, e.g. 5.2%.) Yield to maturity 6.00 % What is the effective annual yield? (Round answer to 2 decimal places, e.g. 5.27%.) Effective annual yield 6.09 % eTextbook and Media
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