Three years ago you purchased a 8​% coupon bond that pays semiannual coupon payments for ​$965. What would be your bond equivalent yield if you sold the bond for current market price of ​$1,044​? Your bond equivalent​ yield, if you sold the bond for current market​ price, is nothing​%. ​(Round to two decimal​ places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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Three years ago you purchased a
8​%
coupon bond that pays semiannual coupon payments for
​$965.
What would be your bond equivalent yield if you sold the bond for current market price of
​$1,044​?
Your bond equivalent​ yield, if you sold the bond for current market​ price, is
nothing​%.
​(Round to two decimal​ places.)
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