Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

A $3600, 6.9% bond with semi-annual coupons redeemable at par in 5 years was purchased at 100.1.

What is the approximate yield rate?

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