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What is the effective annual yield of a $1000 par value bond that pays semi-annual coupons, has an annual coupon rate of 8% with a
What is the effective annual yield of a $1000 par value bond that pays semi-annual coupons, has an annual coupon rate of 8% with a current trading price of $975 and a time to maturity of 9 years?
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To calculate the effective annual yield of the bond we need to consider the semiannual coupon payments the current trading price and the time to matur...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
