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Homework answers / question archive / Three years ago you purchased a 12?% coupon bond that pays semiannual coupon payments for ?$970

Three years ago you purchased a 12?% coupon bond that pays semiannual coupon payments for ?$970

Finance

Three years ago you purchased a 12?% coupon bond that pays semiannual coupon payments for ?$970. What would be your bond equivalent yield if you sold the bond for current market price of ?$1,046??

Your bond equivalent? yield, if you sold the bond for current market? price, is

nothing

 

?%. ?(Round to two decimal? places.)

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