Solved: Calculate the interest rate yield of your bond, Accounting Basics

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Calculate the interest rate yield of your bond

Question: Suppose you have a bond, with a par value of $1000, that pays interest twice a year at the rate of 12%. You paid $853.29 when you purchased this bond

a) Calculate the interest rate yield of your bond.

b) You are selling this bond today and will receive $ 936.33 for it. What is the capital gain/loss?

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Accounting Basics: Calculate the interest rate yield of your bond

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Accounting Basics: Calculate the interest rate yield of your bond

Reference No:- TGS01942877

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