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Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at...

Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 7.41 percent. If these bonds have a market price of $917.83, what yield to maturity and effective annual yield can she expect to earn? (Round answer to 2 decimal places, e.g. 15.25%.)

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$ Par Value of the bond Annual coupon Semi annual coupon Price of the bond Periods to maturity YTM of the bond Annual Yield 1

Formulae

A B 3619 Par Value of the bond 3620 Annual coupon 3621 Semi annual coupon 3622 Price of the bond 3623 Periods to maturity 362

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