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Business, 04.07.2019 01:10 Savageboyn

There is a bond that has a quoted price of 105.039 and a par value of $2,000. the coupon rate is 6.87 percent and the bond matures in 25 years. if the bond makes semiannual coupon payments, what is the effective annual interest rate?

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There is a bond that has a quoted price of 105.039 and a par value of $2,000. the coupon rate is 6.8...
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