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| rev | Admin | (Created page with "'''Solution: B''' Because the yield rate equals the coupon rate, Bill paid 1000 for the bond. In return he receives 30 every six months, which accumulates to <math>30 s_{\overline{20}| j}</math> where <math>j</math> is the semi-annual interest rate. The equation of value is <math display="block">1000(1.07)^{10}=30s_{\overline{20}\vert j}+1000\Longrightarrow s_{\overline{{{20}}}\vert j}=32.238. </math> Using a calculator to solve for the interest rate produces <math>j=...") | Nov 19'23 at 17:56 | +561 |