Multiple Choice
A $15 000, 4.4% bond with semi-annual coupons redeemable at par on April 25, 2025, was purchased on June 25, 2016, at 93.725. What was the approximate yield rate?
A) 2.63%
B) 5.26%
C) 2.55%
D) 5.10%
E) 4.54%
Correct Answer:
Verified
Correct Answer:
Verified
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