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D17. A company issue a perpetual bond with semi-annual coupon payment. The annual coupon rate is 6%, and the current price = 990. What is

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D17. A company issue a perpetual bond with semi-annual coupon payment. The annual coupon rate is 6%, and the current price = 990. What is the yield (APR)? Hint: price of perpetual bond = (coupon per period) / (periodical rate) convert periodical rate into annual percentage rate (APR) 0.50% 0.51% 6.00% 6.06%

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