A bond with semi-annual coupon payments is currently trading with a yield-to-maturity of 6.1%. What is the effective ann
Posted: Wed May 18, 2022 11:41 pm
A bond with semi-annual coupon payments is currently trading with a yield-to-maturity of 6.1%. What is the effective annual yield of this bond investment? (Note: Round your answer to 4 decimal places. For example, if your answer is 8.76%, you should write 0.0876 in the answer box. DO NOT write 8.76 in the box as you will be marked wrong).