Question
14. Use the information given in the following table for an bond, what is the coupon rate of the bond? Today is February 20, 2020
14.
Use the information given in the following table for an bond, what is the coupon rate of the bond?
Today is February 20, 2020.
| Type | Issue date | Price | Coupon rate | Maturity date | YTM | Current yield | Rating |
| Bond | August 20, 2003 | $942.16 | ------ | August 20, 2023 | 10% | --- | AA |
Assume semi-annual interest payments and a par value of the bond of $1,000.
The coupon rate of the bond is: ________
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Business Finance Terminology Speedy Study Guide
Authors: Speedy Publishing
1st Edition
1635011620, 978-1635011623
