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Question: A bond has a face (par) value of $14,445; it will mature in 5 years. The bond coupon rate is 1.50%; there are 9 premium payments per year. If the bond is purchased for 93.39% of its face value and later sold at its face value, what is the bond yield rate per period? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Category:- Basic Finance
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