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Posted on Jul 15, 2024

Determine the yield on a five year, 10,000 bond with a coupon rate of 8%, semiannual interest payments for 5 years, currently selling for $11,312.

N =

I/yr =

PV =

PMT =

FV =

P/Y =

C/Y =

ANSWER: Interest rate _____ semiannually, _____ annually.

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