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Business, 23.07.2020 16:01 chippedwood24

Generic Inc. issued bonds in 1988 that will mature 16 years from the date of issue. The bond pays a 14.375 percent coupon and the interest is paid semiannually. Its current price is $1,508.72. What is the effective annual yield on the bonds?

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Generic Inc. issued bonds in 1988 that will mature 16 years from the date of issue. The bond pays a...
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