A $1000 par value bond with an 8.00 % coupon rate(semiannual interest) matures in 8 years and

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A $1000 par value bond with an 8.00 % coupon rate(semiannual interest) matures in 8 years and currently sells for $ 991.16.

What is the bond's yield to maturity and bond equivalent yield?

Related Book For answer-question

Purchasing and Supply Chain Management

ISBN: 978-0078024115

3rd edition

Authors: W.C Benton

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Posted Date: Sep 04, 2020 07:00 AM

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A $1000 par value bond with an 8.00 % coupon rate(semiannual interest) matures in 8 years and

Question:

Expert Answer:

The bonds yield to maturity is 824 and the bonds equivalent yie... View the full answer

Purchasing and Supply Chain Management

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