Question
Three years ago you purchased an 11% coupon bond that pays semiannual coupon payments for $963. What would be your bond equivalent yield if you
Three years ago you purchased an 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 equivalent yield, if you sold the bond for the current market price, is %.
(Round to two decimal places.)
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
