The bond is to be redeemed at par. Face Value $6000, Bond Rate Payable Semi-annually 6%, Time Before Maturity 7 years, market quotation102.75 The yield rate is...........?
The bond is to be redeemed at par. Face Value $6000, Bond Rate Payable Semi-annually 6%, Time Before Maturity 7 years, market quotation102.75 The yield rate is...........?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the method of averages to find the approximate yiald rate for the bond shown in the table below. The bond is to be redeemed at par. Face Value $6000, Bond Rate Payable Semi-annually 6%, Time Before Maturity 7 years, market quotation102.75 The yield rate is...........? (Round the final answer to bwo decimal places as needed Round all intermediate values to six decimal places as needed.)
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