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please round to 6 decimal places, thank you. Use the method of averages to find the approximate yield rate for the bond shown in the
please round to 6 decimal places, thank you.
Use the method of averages to find the approximate yield rate for the bond shown in the table below. The bond is to be redeemed at par. Bond Rate Time Before Market Face Value Payable Redemption Quotation Semi-annually $2,000 6% 10 years 103.375 The yield rate is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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