Question
A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 2.9% and exactly 8
A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 2.9% and exactly 8 years to maturity. The present value of the coupon stream represents ______ of the total bond's value.
25.2%
27.4%
26.3%
28.7%
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
