Calculate the nominal annual rate of return for a new bond with a face value of...
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Calculate the nominal annual rate of return for a new bond with a face value of $1000 dollars and a maturity date of 8 years that pays 45 dollars every six months. Do not write "%" in your answer, write your answer like 1.23, 4.56, etc. Calculate the nominal annual rate of return for a new bond with a face value of $1000 dollars and a maturity date of 8 years that pays 45 dollars every six months. Do not write "%" in your answer, write your answer like 1.23, 4.56, etc.
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SOLUTION First we need to calculate the total number of coupon payments over the ... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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