Question
1) Suppose afive-year, $1,000 bond with annual coupons has a price of $ 902.19 and a yield to maturity of 5.9%. what is the bond's
1) Suppose afive-year, $1,000 bond with annual coupons has a price of $ 902.19 and a yield to maturity of 5.9%. what is the bond's coupon rate?....(Round to three decimal places)
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
