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  3. the market price of a semi-annual pay bond is $956

The market price of a semi-annual pay bond is $956.82. It has 19.00 years to...

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Finance

The market price of a semi-annual pay bond is $956.82. It has 19.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the effective annual yield?

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