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Lisa Anderson wants to invest in four-year bonds that are currently priced at $855.77. These bonds have a coupon rate of 6.6 percent and make
Lisa Anderson wants to invest in four-year bonds that are currently priced at $855.77. These bonds have a coupon rate of 6.6 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25\%.) % Step by Step Solution
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
