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Posted on Sep 07, 2024

Suppose a 5 - year bond with a 8 % coupon rate and semi - annual compounding is trading for a price of $ 9

Suppose a

5 -

year bond with a

8 %

coupon rate and semi

-

annual compounding is trading for a price of $

922.58 .

Expressed as an APR with semi

-

annual compounding, this bond's yield to maturity is

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