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You bought a six-year bond issued by Sandhill Corp, four years aga. At that time, you paid $975,33 for the bond. The bond pays a
You bought a six-year bond issued by Sandhill Corp, four years aga. At that time, you paid $975,33 for the bond. The bond pays a coupon rate of 7.800 percent, and coupon payments are made semiannually. Currently, the bond is priced at $1,000.56, What vield can you expect to earn on this bond if you sell it today? (Round answer to 2 decimal places, es. 15.25\%) Effective annual yield
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