Fisher company has a bond outstanding the coupon rate is 72


Fisher Company has a bond outstanding. The coupon rate is 7.2% and the coupons are semiannually. The current value of the bond is $1,150.06. The time to maturity is 17 years.

Find the effective rate of return on this bond.

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Financial Management: Fisher company has a bond outstanding the coupon rate is 72
Reference No:- TGS01735824

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