Question: (1 point) (Exercise 6.20) A $1000 par value 8-year bond with 9% semiannual coupons is selling for $1210. Find the yield rate convertible semiannually: a)

(1 point) (Exercise 6.20) A $1000 par value 8-year bond with

(1 point) (Exercise 6.20) A $1000 par value 8-year bond with 9% semiannual coupons is selling for $1210. Find the yield rate convertible semiannually: a) Using the exact method. ANSWER = %. ne refined version of the bond salesman's method. ANSWER = %

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