Palmerproducts issued15 - year bonds two years ago at a
PalmerProducts issued15 - year bonds two years ago at a coupon rate of 6.9. The bonds make semiannual payments. If these bonds currently sell for $940 of par value (i.e.$1000), what is the yield to maturity on the bonds.
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Good years are followed by equally bad years for a mutual fund. It earns +8%, -8%, +12%, -12% in successive years. What is the investor's overall return for the four years?
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