Assume that a bond is quoted at 92% of par, with a 5% coupon rate,...
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Accounting
Assume that a bond is quoted at 92% of par, with a 5% coupon rate, expiring in 30 years with semiannual payments. What is rate of return for investor, if the flotation cost is $100?
3.17%
6.35%
5.55%
2.78%
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