Awoman purchases a 10-year par bond with 8% semi-annual coupons. the bond is priced to yield 7.5% converted semi-annually. the coupons are reinvested in a fund paying 7.0% nominal, converted semi-annually. what is her nominal annual yield on this investment, convertible semi-annually?
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Awoman purchases a 10-year par bond with 8% semi-annual coupons. the bond is priced to yield 7.5% co...
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