Cyrus just purchased a ten year, $5,000 bond with a 4% coupon rate for $4,930. Calculate the yield rate that he will earn (nominal, semi-annual). Express your answer as a percent to 2 decimal places...

Cyrus just purchased a ten year, $5,000 bond with a 4% coupon rate for $4,930.<br>Calculate the yield rate that he will earn (nominal, semi-annual).<br>Express your answer as a percent to 2 decimal places but don't include the % sign.<br>Your Answer:<br>8.<br>11<br>Answer<br>

Extracted text: Cyrus just purchased a ten year, $5,000 bond with a 4% coupon rate for $4,930. Calculate the yield rate that he will earn (nominal, semi-annual). Express your answer as a percent to 2 decimal places but don't include the % sign. Your Answer: 8. 11 Answer

Jun 03, 2022

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Cyrus just purchased a ten year, $5,000 bond with a 4% coupon rate for $4,930. Calculate the yield rate that he will earn (nominal, semi-annual). Express your answer as a percent to 2 decimal places...

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