Question
Three years ago you purchased a 11% coupon bond that pays semiannual coupon payments for $974. What would be your bond equivalent yield if you
Three years ago you purchased a 11% coupon bond that pays semiannual coupon payments for $974. What would be your bond equivalent yield if you sold the bond for current market price of $1,048?
Your bond equivalentyield, if you sold the bond for current marketprice, is %. (Round to two decimalplaces.)
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
