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Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what is the effective annual yield (eay) on this inve…
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Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what is the effective annual yield (eay) on this inve…
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Mar 13, 2018
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Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what is the effective annual yield (eay) on this investment? (round percentage to two decimal places.)
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The effective interest rate is given by
Given that the
bond yeilds an annual yield of 6.7 percent and pays coupons twice a year.
The effective interest rate is given by:
Logbasex
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Mar 19, 2018
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