Question: (2 points) (Exercise 6.20) A $10000 par value 13-year bond with 11% semiannual coupons is selling for $12100. Find the yield rate convertible semiannually: a)

(2 points) (Exercise 6.20) A $10000 par value 13-year bond with

(2 points) (Exercise 6.20) A $10000 par value 13-year bond with 11% semiannual coupons is selling for $12100. Find the yield rate convertible semiannually: a) Using the exact method. ANSWER b) Using the refined version of the bond salesman's method. ANSWER = %. (2 points) (Exercise 6.20) A $10000 par value 13-year bond with 11% semiannual coupons is selling for $12100. Find the yield rate convertible semiannually: a) Using the exact method. ANSWER b) Using the refined version of the bond salesman's method. ANSWER = %

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