Answer to Question #38601 in Finance for phyllis kyeame

Question #38601
If a $500 bond bearing 9.5% semi-annual coupons is purchased at 97.5 and it is redeemable at 102 in four years’ time, what is the approximate yield rate?
(8 marks)
1
Expert's answer
2014-01-29T03:47:54-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-38601.pdf

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