What is the approximate yield rate

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If a $500 bond bearing 12% semi-annual coupons is purchased at 97.5 and is redeemable at 102 in 4 years' time, what is the approximate yield rate?

Reference no: EM132769592

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What is the approximate yield rate : If a $500 bond bearing 12% semi-annual coupons is purchased at 97.5 and is redeemable at 102 in 4 years' time, what is the approximate yield rate?
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