#23 The market price of a semi-annual pay bond is $989.07. It has 15.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Submit Answer format:...

#23<br>The market price of a semi-annual pay bond is $989.07.<br>It has 15.00 years to maturity and a coupon rate of<br>7.00%. Par value is $1,000. What is the effective annual<br>yield?<br>Submit<br>Answer format: Percentage Round to: 4 decimal places<br>(Example: 9.2434%, % sign required. Will accept<br>decimal format rounded to 6 decimal places (ex:<br>0.092434))<br>unanswered<br>not_submitted<br>Attempts Remaining: Infinity<br>

Extracted text: #23 The market price of a semi-annual pay bond is $989.07. It has 15.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) unanswered not_submitted Attempts Remaining: Infinity

Jun 08, 2022

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#23 The market price of a semi-annual pay bond is $989.07. It has 15.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Submit Answer format:...

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