The quoted bond interest rates imply a rate per annum, but the bond markets do not mean

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“The quoted bond interest rates imply a rate per annum, but the bond markets do not mean that rate literally.” Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:07 AM

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The quoted bond interest rates imply a rate per annum, but the bond markets do not mean

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The bond markets compound interest semiannually Therefore a 12 ...View the full answer

Introduction to Financial Accounting

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