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thanks for the help in advance The market price of a semi-annual pay bond is $994.57. It has 11.00 years to maturity and a coupon
thanks for the help in advance
The market price of a semi-annual pay bond is $994.57. It has 11.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434\%, \% sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Step by Step Solution
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