What is the approximate yield realized if the bond in Question 17 sells at 92 on August

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What is the approximate yield realized if the bond in Question 17 sells at 92 on August 7, 2025?

Question 17

A $10 000, 7.5% bond with quarterly coupons, redeemable at par on October 15, 2032, was purchased on May 5, 2020, at 98.75. What is the approximate yield rate?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:10 AM

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What is the approximate yield realized if the bond in Question 17 sells at 92 on August

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Contemporary Business Mathematics With Canadian Applications

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