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The bond has an 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon quarterly. The current bond price
The bond has an 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon quarterly. The current bond price is $900. What is the bonds effective annual yield?
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
