A new bond issue has an annual yield of 5.6%. The bond pays coupons twice a year
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A new bond issue has an annual yield of 5.6%. The bond pays coupons twice a year . What is the effective annual yield (EAY) on the investment?
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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