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QUESTION
Yield to maturity:Ruth Hornsby is looking to invest in a three-year bond that pays semiannual coupons at a coupon rate of 4.98 percent. If these...
Yield to maturity:Ruth Hornsby is looking to invest in a three-year bond that pays semiannual coupons at a coupon rate of 4.98 percent. If these bonds have a market price of $861.98, the yield to maturity is % and the effective annual yield is %.
