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please show me the full step to compare with my answer I appreciate ur help A $2,000 bond with 10% semi-annual coupons is redeemable at
please show me the full step to compare with my answer
I appreciate ur help
A $2,000 bond with 10% semi-annual coupons is redeemable at $2,500 in 6 years. Robert buys this bond to yield 6% compounded semi- annually. After 2 years, Robert sells the bond at a price to yield 8% compounded semi-annually. Calculate Robert's annual yield rate over the 2 yearsStep by Step Solution
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