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P11.7 Three years ago you purchased a 7 % coupon bond that pays semiannual coupon payments for $ 977 . What would be your bond

P11.7

Three years ago you purchased a 7% coupon bond that pays semiannual coupon payments for $977. What would be your bond equivalent yield if you sold the bond for current market price of $1,057?

Your bond equivalentyield, if you sold the bond for current marketprice___?%

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