Question
A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 6%, a promised yield to maturity of 6.5% and exactly 9
A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 6%, a promised yield to maturity of 6.5% and exactly 9 years to maturity. The present value of the coupon stream represents ______ of the total bond's value.
41.8%
42.9%
40.7%
44.2%
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
