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Please answer question and show all work/steps! Thanks! The quoted ask yield on a 30-year $1,000 par T-bond with a 6.25 percent coupon and a
Please answer question and show all work/steps! Thanks!
The quoted ask yield on a 30-year $1,000 par T-bond with a 6.25 percent coupon and a price quote of 106:16 is(use semiannual compounding). 41. A. 2.94 percent B. 2.90 percent C. 5.79 percent D. 5.87 percent E. 4.95 percent $ 1,065.00-$31.25x PVIFA (1%, 60) + $1,000 PVIF (1%, 60 yrs.); trial and error or financial calculator for r Step by Step Solution
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