Essay
A $100 000, 8% bond with semi-annual coupons redeemable at par on April 25, 2018, was purchased on June 25, 2009, at 94.125. What was the approximate yield rate?
Correct Answer:
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Quoted price = 100000(0.94125) = $94 125...View Answer
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Correct Answer:
Verified
Quoted price = 100000(0.94125) = $94 125...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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