What is the approximate yield realized if the bond in Question 17 was sold on August 7,
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In Question 17
A $10 000, 7.5% bond with quarterly coupons, redeemable at par on October 15, 2028, was purchased on May 5, 2016, at 98.75. What is the approximate yield rate?
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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