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Not sure what I'm doing wrong. Please provide a detailed explanation using a financial calculator. Thank you! The market price of a semi-annual pay bond
Not sure what I'm doing wrong. Please provide a detailed explanation using a financial calculator. Thank you! 
The market price of a semi-annual pay bond is $969.20. It has 11.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Correct Answer 7.5519\% Points: 0 Answer format: Percentage Round to 4 decimal places (Example: 9.2434%,% sign required. Will accept decimal format rounded to 6 decimal places (ex 0.092434)) Attempts Remaining: Similar to CSD Chapter 6#8 Step by Step Solution
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
