Question
Mary just bought a 20-year bond with an 8% coupon rate (paid semi-annually) and $1000 par value for $1080. What is the effective annual yield
Mary just bought a 20-year bond with an 8% coupon rate (paid semi-annually) and $1000 par value for $1080. What is the effective annual yield (EAY)?
Please write donw all equations and do it with general calculator(Not the finace calculator)
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
