Rudy Sandberg wants to invest in four-year bonds that are currently priced at $868.43.

$1.49 Excluding Tax

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QUESTION:

Rudy Sandberg wants to invest in four-year bonds that are currently priced at $868.43. These bonds have a coupon rate of 6 percent and make semiannual coupon payments. What is the current market yield on this bond?


 

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