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The market price of a semi-annual pay bond is $977.01. It has 20.00 years to maturity and a coupon rate of 5.00%. Par value is
The market price of a semi-annual pay bond is $977.01. It has 20.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
