What would be your bond equivalent yield

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Reference no: EM132059713

Three years ago you purchased a 10?% coupon bond that pays semiannual coupon payments for $975. What would be your bond equivalent yield if you sold the bond for current market price of $1050.

Your bond equivalent yield, if you sold the bond for current market price, is ___%.  ?(Round to two decimal places.)

Reference no: EM132059713

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