The ABC Company issued $1,000 bonds with a coupon interest rate of .05 per year at a
Question:
The ABC Company issued $1,000 bonds with a coupon interest rate of
.05 per year at a price to yield .06 (the price was $88.30 per bond).
The life ofthe bonds is 20 years.
Give three different reasons as to why the bond yield is .06.
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