Suppose a five-year, $1000 bond with annual coupons has a price of $1050 and a yield to

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Suppose a five-year, $1000 bond with annual coupons has a price of $1050 and a yield to maturity of 6%. What is the bond’s coupon rate?

Dynamic Behavior of Bond Prices

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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