Question
Three years ago you purchased a 11 % coupon bond that pays semiannual coupon payments for $ 963 . What would be your bond equivalent
Three years ago you purchased a 11% coupon bond that pays semiannual coupon payments for $963. What would be your bond equivalent yield if you sold the bond for current market price of $1,053?
Your bond equivalentyield, if you sold the bond for current marketprice, is %. (Round to two decimalplaces.)
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
