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Pharoah Corp. has five-year semi-annual bonds outstanding that pay a coupon rate of 8.7 percent, these bonds are priced at $1,069.16. (Round answers to 2
Pharoah Corp. has five-year semi-annual bonds outstanding that pay a coupon rate of 8.7 percent, these bonds are priced at $1,069.16. (Round answers to 2 decimal places, e.g. 15.25%.) What is the yield to maturity on these bonds? Yield to maturity % Assume semiannual coupon payments. What is the effective annual yield? Effective annual yield
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