Electrolex inc has four-year bonds outstanding that pay a, Ask an Expert

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Electrolex, Inc., has four-year bonds outstanding that pay a coupon rate of 3.58 percent and make coupon payments semiannually.

If these bonds are currently selling at $914.89. What is the yield to maturity that an investor can expect to earn on these bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

What is the effective annual yield? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92841889

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