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Business, 12.12.2020 17:10 sanago4785

The market price of a semi-annual pay bond is $987.58. It has 14.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield?

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The market price of a semi-annual pay bond is $987.58. It has 14.00 years to maturity and a coupon r...
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