Business
Business, 20.11.2020 17:00, conroyjoann22

The market price of a semi-annual pay bond is $975.71. It has 18.00 years to maturity and a coupon rate of 6.00%. 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 $975.71. It has 18.00 years to maturity and a coupon r...

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