Question
1. What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $8,268.69, if it has a yield to
1. What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $8,268.69, if it has a yield to maturity of 7.3%? (Show work on how to find the payment to be able to calculate on a financial calculator please)
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Handbook Of Environmental And Sustainable Finance
Authors: Vikash Ramiah, Greg N. Gregoriou
1st Edition
012803615X, 978-0128036150
