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Nathan Akpan is planning to invest in a 7 year bond that pays annual coupons at a rate of 8% and has face value if
Nathan Akpan is planning to invest in a 7 year bond that pays annual coupons at a rate of 8% and has face value if $1000. it is currently selling at $927.23. what is the current market yield on such bond?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
