Question: please show all work and answer asap thank you so much Technical Sales, Inc. has 6.6 percent coupon bonds on the market with 9 years
please show all work and answer asap thank you so much
Technical Sales, Inc. has 6.6 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments and currently sell for 92.5 percent of par. What is the effective annual yield?
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