A bond has a face par value of 17492 it will mature in 5, Ask an Expert

Economics

A bond has a face (par) value of $17,492; it will mature in 5 years. The bond coupon rate is 1.50%; there are 11 premium payments per year. If the bond is purchased for 96.99% of its face value and later sold at its face value, what is the bond yield rate per period?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91295547

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