Question
The market price of a semi-annual pay bond is $952.86. It has 17.00 years to maturity and a coupon rate of 6.00%. Par value is
The market price of a semi-annual pay bond is $952.86. It has 17.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield? Please help and show work.
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
