Question
Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $970. What would be your bond equivalent yield if you
Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $970. 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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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
