Question
Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $989. What would be your bond equivalent yield if you
Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $989. What would be your bond equivalent yield if you sold the bond for current market price of $1,046?
Your bond equivalentyield, if you sold the bond for current marketprice, is what %?
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
