Question: QUESTION 2 Find the yield rate (i.e. interest rate compounded semiannually) of a bond with the following info: Term: 15 Years Purchase Price: 987.56 Coupon

QUESTION 2 Find the yield rate (i.e. interest rate compounded semiannually)

QUESTION 2 Find the yield rate (i.e. interest rate compounded semiannually) of a bond with the following info: Term: 15 Years Purchase Price: 987.56 Coupon Rate: 1.7% payable semiannually Face Value: 1000 Redemption Value: 1200 Give your answer as a percentage rounded to four places (i.e. X.XXXX%). Do not include the percent sign in BlackBoard. Note: Coupons are paid at the end of every six month period

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