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This is multi-part question it follows cheggs rules The market price of a semi-annual pay bond is $987.48. It has 12.00 years to maturity and
This is multi-part question it follows cheggs rules
The market price of a semi-annual pay bond is $987.48. It has 12.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield?
Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, semi-annual pay bond that has a coupon rate of 7.96%. If the yield to maturity for the bond is 8.21%, what will the price of the bond be?
Assume a par value of $1,000. Caspian Sea plans to issue a 14.00 year, semi-annual pay bond that has a coupon rate of 4.00%. If the yield to maturity for the bond is 4.0%, what will the price of the bond be?
A bank offers 10.00% on savings accounts. What is the effective annual rate if interest is compounded monthly?
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