Homework Answers
| Answer is B 4.97% |
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| Please find below the answer |
| Statement showing Computations |
| Particulars |
| Proceeds = 10,000 - 10,000*4.8%*150/360 |
| Proceeds = 10,000 - 200 |
| Proceeds = 9,800 |
| Bond Equivalent Yield = (200/9800) *(365/150) |
| Bond Equivalent Yield = 4.97% |
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