What is the effective annual yield


Technical Sales, Inc. has 6.6 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments and currently sell for 92.5 percent of par. What is the effective annual yield?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the effective annual yield
Reference No:- TGS0728612

Expected delivery within 24 Hours