A savings account pays interest at a rate of 3%, quarterly compounded. What is the effective annual rate of interest (EAR)? A Microsoft bond has 12 years to maturity. Every six months, the bond makes a coupon payment of $21. The bond has a par value of $1000, a yield to maturity of 4.7 percent. What is the price of this bond?
Effective annual rate of interest
Plagiarism-free and delivered on time!
We are passionate about delivering quality essays.
Our writers know how to write on any topic and subject area while meeting all of your specific requirements.
Unlike most other services, we will do a free revision if you need us to make corrections even after delivery.