Question
Three years ago you purchased a 10% coupon bond that pays semiannual coupon payments for $975. What would be your bond equivalent yield if you
Three years ago you purchased a 10% coupon bond that pays semiannual coupon payments for $975. What would be your bond equivalent yield if you sold the bond for current market price of $1,050?
Your bond equivalent yield, if you sold the bond for current market price, is _____%. (Round to two decimal places.)
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Gold And Debt
Authors: William Lyman Fawcett
1st Edition
1144211727, 978-1144211729
