HUNIXX2785 HUNIXX2785
  • 15-02-2024
  • Business
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What is the effective annual yield if you purchase a bond with a coupon rate of 14% and a market price of $1,489.88, maturing in 11 years? Which of the following options represents the correct effective annual yield: 7.55%, 3.71%, 7.11%, 7.85%, or 7.25%?

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