Question
A 10 -year bond pays interest of $26.90 semiannually, has a face value of $1,000 , and is selling for $781.23 . What are its
A 10-year bond pays interest of $26.90 semiannually, has a face value of $1,000, and is selling for $781.23. What are its annual coupon rate and yield tomaturity?
The annual coupon rate is ___%. (Round to two decimalplaces).
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
