Question
Suppose an investor earned a yield of 14.7 percent p.a on a bond paying coupons twice a year. What is the effective annual yield (EAY)
Suppose an investor earned a yield of 14.7 percent p.a on a bond paying coupons twice a year. What is the effective annual yield (EAY) on this investment? (answer as a percentage rounded to two decimal places without % sign. eg 2.889% would be written 2.89)
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
