Question
Three years ago you purchased a 12% coupon bond that pays semiannual coupon payments for $968. What would be your bond equivalent yield if you
Three years ago you purchased a 12% coupon bond that pays semiannual coupon payments for $968. What would be your bond equivalent yield if you sold the bond for current market price of $1,040?
Your bond equivalent yield, if you sold the bond for current market price, is
(Round to two decimal places.)
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
