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8 1 point A coupon bond with a par value of $1,000 and 13 years remaining until maturity has a price of $857. If
8 1 point A coupon bond with a par value of $1,000 and 13 years remaining until maturity has a price of $857. If the bond's yield-to-maturity is 4.7%, what must be its coupon rate? Assume the bond pays coupons semi-annually. Enter your answer as a decimal showing 4 decimal places. For example, if your answer is 8.52%, enter 0852. Type your answer... Previous Next
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
