Determine the bond yield rate per period


A bond has a face value of $17,492; it will mature in five years. The bond coupon rate is 1.50%; there are 11 premium payments per year. If bond is purchased for 96.99% of its face value and later sold at its face value, determine the bond yield rate per period?

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Macroeconomics: Determine the bond yield rate per period
Reference No:- TGS0873252

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