Question
A $1,000 par value bond has a current price of $926.40 and a maturity value of $1,000 and matures in 5 years. If interest is
A $1,000 par value bond has a current price of $926.40 and a maturity value of $1,000 and matures in 5 years. If interest is paid semiannually and the bond is priced to yield 7 %, what is the bond's annual coupon rate?
The bond's annual coupon rate is %. (Round to three decimal places.)
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
