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Business, 24.06.2021 15:20 gonzalesalexiaouv1bg

There is a bond that has a quoted price of 103.203 and a par value of $2,000. The coupon rate is 6.81 percent and the bond matures in 23 years. If the bond makes semiannual coupon payments, what is the effective annual interest rate

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There is a bond that has a quoted price of 103.203 and a par value of $2,000. The coupon rate is 6.8...
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