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ps24 The market price of a semi-annual pay bond is $954.60. It has 16.00 years to maturity and a coupon rate of 5.00%. Par value
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The market price of a semi-annual pay bond is $954.60. It has 16.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield?
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
