Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 13. a $70000, 8.5% bond with semi-annual coupons r

13. A $70000, 8.5% bond with semi-annual coupons redeemable at par in 12 years is...

90.2K

Verified Solution

Question

Accounting

13. A $70000, 8.5% bond with semi-annual coupons redeemable at par in 12 years is purchased at 102.5. What is the approximate yield rate?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A block with a mass M is attached to a horizontal spring with a spring constant...

Psychology
1.2K views

Discussion 3 - Chapter 2 – Evidence Based Corrections California passed Proposition 47 to reduce prison overcrowding. Discuss...

Mechanical Engineering
1.2K views

A polytropic process (n= 1.25) compresses air from 0.3 m3 at 22 0C and pressure of...

Economics
1.2K views

What were some of the adverse economic outcomes, for BP and others, arising from the Deepwater...

Basic Math
1.2K views

The surface area of a cubical box is 121.5 square feet. Find the length of...

Calculus
1.2K views

graph of y f x shown as a red dashed curve drag the green movable...

Algebra
1.2K views

Find the conjugate of 181 26 91 27 26 140 9 4 67

Accounting
1.2K views

1. Prepare schedules for (1) expected collections from customers and (2) expected payments for...

Accounting
1.2K views

a. What gain or loss does Deirdre recognize on the sale? ...

Accounting
1.2K views

A company provides the following information related to its inventory. Required: 1. Calculate ending inventory...

Accounting
1.2K views

ACCOUNTING Grouper Corp. purchased 1,800 shares of its $9 par value common stock for...

Finance
1.2K views

2. The force of interest (or instantaneous interest rate): A is a weighted average. Bis...