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A $15320, 8% bond with semi-annual coupons redeemable at par in 5 years is purchased...

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Finance

A $15320, 8% bond with semi-annual coupons redeemable at par in 5 years is purchased at 102.5. What is the approximate yield rate? 10. How long does it take for money to double at 8% compounded quarterly?

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