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29 Listen Zeus Industry issued a bond, which pays coupon interest semi-annually and has 30 years to maturity. Par value is $1,000, the market price
29
Listen Zeus Industry issued a bond, which pays coupon interest semi-annually and has 30 years to maturity. Par value is $1,000, the market price is $1,059.34 and the yield to maturity is 7.50%. The bond's coupon rate is %. 1) 9.50 2) 9.00 3) 8.50 O 4 10.00 5) 8.00 Page 29 of 41 Step by Step Solution
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