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Posted: **Thu Apr 28, 2022 12:37 pm**

: 8 A Ten Year 2 000 8 Par Value Bond With Semi Annual Coupons Is Bought For 2 200 Approximate The Effective Yield Ra 1 (18.16 KiB) Viewed 26 times

#8 A ten-year $2,000 8% par-value bond with semi-annual coupons is bought for $2,200. Approximate the effective yield rate per coupon period j by using the approximation formula (1 + i)" 1+nj.