A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2026, was purchased on

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2026, was purchased on March 5, 2015, at 95.5. What was the approximate yield rate?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:14 AM

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2026, was purchased on

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Contemporary Business Mathematics with Canadian Applications

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