Question
The market price of a semi-annual pay bond is $960.06. It has 18.00 years to maturity and a coupon rate of 5.00%. Par value is
The market price of a semi-annual pay bond is $960.06. It has 18.00 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))
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
