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Hillier Hillier
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Posts: 550
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6 years ago
A $40 000 bond with semi-annual coupon payments at 5.5% compounded semi-annually is redeemable at par in 12 years. Calculate the yield rate if the bond is purchased at 102.5.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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Posts: 361
6 years ago
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Hillier Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
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2 hours ago
Thank you, thank you, thank you!
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