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Do not use financial calculator or excel Shawna Carter wants to invest her recent bonus in a five-year bond that pays a coupon of 11
Do not use financial calculator or excel
Shawna Carter wants to invest her recent bonus in a five-year bond that pays a coupon of 11 percent semi-annually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what would be her yield?
11.8%
12.2%
12.03%
11.5%
Please show calculation with financial formulas. Do not use financial calculator or excel. Only financial formulas.
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