Three years ago you purchased a 11?% coupon bond that pays semiannual coupon payments for ?$963....

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Finance

Three years ago you purchased a 11?% coupon bond that payssemiannual coupon payments for ?$963. What would be your bondequivalent yield if you sold the bond for current market price of?$1057??
Your bond equivalent? yield, if you sold the bond for currentmarket? price, is ------?%. ?(Round to two decimal? places.)

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To calculate BEY we need to find per period yield firstRemember BEY Yield per period number of periods ina yearSince it is a semi annual bond See Answer

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Three years ago you purchased a 11?% coupon bond that payssemiannual coupon payments for ?$963. What would be your bondequivalent yield if you sold the bond for current market price of?$1057??Your bond equivalent? yield, if you sold the bond for currentmarket? price, is ------?%. ?(Round to two decimal? places.)