Essay
A $50 000, 6% bond with semi-annual coupons redeemable at par on April 25, 2018, was purchased on June 25, 2009, at 94.378. What was the approximate yield rate?
Correct Answer:
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Quoted price = 50000(0.94375) = $47 187....View Answer
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Correct Answer:
Verified
Quoted price = 50000(0.94375) = $47 187....
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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