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PLEASE show how you set this up Ivanhoe, Inc., has four-year bonds outstanding that pay a coupon rate of 7.00 percent and make coupon payments
PLEASE show how you set this up
Ivanhoe, Inc., has four-year bonds outstanding that pay a coupon rate of 7.00 percent and make coupon payments semiannually. If these bonds are currently selling at $911.89. What is the yield to maturity that an investor can expect to earn on these bonds? (Round answer to 1 decimal place, e.g. 15.2%.) Yield to maturity % What is the effective annual yield? (Round answer to 1 decimal place, e.g. 15.2%.) Effective annual yield % Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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