[Solved] 1 0 . You have a bond with 6 years maturi

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1 0 . You have a bond with 6 years maturity. A coupon is paid annually. Its face value is $ 1 0 0 0

10 .

You have a bond with

6

years maturity. A coupon is paid annually. Its face value is $

1000 .

If the bond is priced at $

990

and YTM is

7 %,

how much is coupon payment or rate?

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