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revAdmin (Created page with "Jeff has 8000 and would like to purchase a 10,000 bond. In doing so, Jeff takes out a 10 year loan of 2000 from a bank and will make interest-only payments at the end of each month at a nominal rate of 8.0% convertible monthly. He immediately pays 10,000 for a 10-year bond with a par value of 10,000 and 9.0% coupons paid monthly. Calculate the annual effective yield rate that Jeff will realize on his 8000 over the 10-year period. <ul class="mw-excansopts"><li>9.30%</li...")Nov 19'23 at 18:36+566