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Nathan bought a $100,000 bond that has a coupon rate of 4.75%, and is redeemable in ten years. If he purchased the bond at 1.048,
Nathan bought a $100,000 bond that has a coupon rate of 4.75%, and is redeemable in ten years. If he purchased the bond at 1.048, calculate the yield rate at the time of purchase.
| PMT Setting | |
| N | |
| I/Y | |
| P/Y | |
| C/Y | |
| PV | |
| PMT | |
| FV |
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
