Question: Three years ago you purchased a ( 1 1 % ) coupon bond that pays semiannual coupon payments for (

Three years ago you purchased a \(11\%\) coupon bond that pays semiannual coupon payments for \(\$ 984\). What would be your bond equivalent yield if you sold the bond for current market price of \(\$ 1,043\)?
Your bond equivalent yield, if you sold the bond for current market price, is \%.(Round to two decimal places.)
Three years ago you purchased a \ ( 1 1 \ % \ )

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