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plz solve this A $40,000 bond with semi-annual coupon payments at 5.5% compounded semi-annually is redeemable at par in 12 years. Calculate the yield rate
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A $40,000 bond with semi-annual coupon payments at 5.5% compounded semi-annually is redeemable at par in 12 years. Calculate the yield rate if the bond is purchased at 94. Select one: a. 6.81% b. 7.12% c. 6.22% d. 5.99% e. 5.22%Step by Step Solution
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