Question
The 12-year bonds issued by Golf Companies have a quoted yield to maturity of 7.9 percent, a coupon rate of 8 percent, and semiannual payments.
The 12-year bonds issued by Golf Companies have a quoted yield to maturity of 7.9 percent, a coupon rate of 8 percent, and semiannual payments. What is the effective annual yield on these bonds?
Multiple Choice
8.00%
8.06%
7.97%
7.90%
8.16%
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The Theory Of Interest
Authors: Friedrich A. Lutz
2nd Edition
1138539074,1351472836
