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David purchases a 1 0 0 0 par value 1 0 - year bond with 7 . 5 % semiannual coupons for He is able
David purchases a par value year bond with semiannual coupons for
He is able to reinvest his coupon payments at a nominal rate of convertible
semiannually. Calculate his annual yield rate over the year period.
write answer in decimal places
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