Ruth hornsby is looking to invest in a three-year bond that, Ask an Expert

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Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 5.275 percent. If these bonds have a market price of $987.74, what yield to maturity and effective annual yield can she expect to earn? (Round answer to 2 decimal places, e.g. 15.25%.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91939062

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