Question
7. Suppose a five-year, $1,000 bond with annual coupons has a price of $897.83 and a yield to maturity of 5.6%. What is the bond's
7. Suppose a five-year, $1,000 bond with annual coupons has a price of $897.83 and a yield to maturity of 5.6%. What is the bond's coupon rate?
The bond's coupon rate is ___%? (Round to three decimal places.)
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Handbook Of Research In Education Finance And Policy
Authors: Helen F. Ladd, Margaret E. Goertz
2nd Edition
0415838010, 978-0415838016
