What is the effective annual yield on this


What is the yield to maturity on a bond that you purchased for $1,294, assuming that the bond has 16 years to maturity, a par value of $1,000, and a coupon rate of 3.65%? The bond pays coupon interest semiannually.

What is the YTM?

What is the effective annual yield on this bond?

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Financial Management: What is the effective annual yield on this
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