What is the effective annual yield on the debentures

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Question: Polycorp debentures are selling for $104 (FV = 100) and mature in ten years. The coupon rate is 6%pa, with coupons paid quarterly. What is the effective annual yield on the debentures? PLease show all working out The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132043928

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