Question
Suppose an investor earned a yield of 7.5 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 7.5 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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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
