Three years ago you purchased a 7% coupon bond that pays semiannual coupon payments for $962. What would be your bond equivalent yield if you sold the bond for current market price of $1,042? Your bond equivalent yield, if you sold the bond for current market price, is %. (Round to two decimal places.)

Three years ago you purchased a 7% coupon bond that pays semiannual coupon payments for $962. What would be your bond equivalent yield if you sold the bond for current market price of $1,042? Your bond equivalent yield, if you sold the bond for current market price, is %. (Round to two decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q. 6
Three years ago you purchased a 9% coupon bond that pays semiannual coupon payments for $962. What would be your bond equivalent yield if you sold the bond for current market price of $1,0447 Your bond equivalent yield, if you sold the bond for current market price, is COLD %. (Round to two decimal places.)
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Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $965. What would be your bond equivalent yield if you sold the bond for current market price of $1,044? Your bond equivalent yield, if you sold the bond for current market price, is nothing%. (Round to two decimal places.)